ask for rent decrease?

carl1981

I wouldn't offer a no-break 24mth if tenant admitted financial problems, instead I would prep for new tenant who can undertake 24mth commitment.

useless

I have exactly the same question as the OP about asking for a reduction - but my rent went up about 3% this time last year.

Our landlord has said he is happy to keep the rent at the same level for this year.

However, I've seen an identical flat above us advertised for less than we started paying prior to the 3% rise - in fact less than I've ever seen a flat advertised for in our block.

I think I will let this one pass as a "good deal" but if another one comes up at the same price then I'm definitely going to consider asking for a reduction.

space_rider

Debt_Free_Chick wrote: »

And the circumstances were .....?

I don't mean to be rude, but this doesn't help the OP unless your "friend's" situation was one that enabled the OP to take advantage of the situation.

The point is he asked and it was agreed. Had he not asked he would have paid the same rent. He had no intention of moving out. It must have been worth it to the l/l.

Zammo

I'm fully expecting my tenants to ask for a decrease, and I will be happy to give them one.

BlameTheGame

You could always ask but you may end up ruffling some feathers, you are lucky not to have had a raise in the past 18 months. I tend to increase the rent every 12 month period. I dont think i'll be increasing this time round though.

greenbug333

I rent a house out and would definately feel uncomfortable if somebody asked me for a rent decrease. People usually have a property to make some gain themselves and it is not as easy as it seems [it doesnt mean your landlord is rolling in it...] You have been sensible to get some advice . family can give advice even when they dont completely understand whats involved..

Gorgeous_George

Zammo wrote: »

I'm fully expecting my tenants to ask for a decrease, and I will be happy to give them one.

Yes but, what about the rent decrease?

GG

Entertainer

Good to see friends and family haven't lost their touch.:T

Count_Dante

The owner always has to worry about a new family moving in. If you are a good payer and don't wreck the place, then he may prefer a reduced rent from you than worry about higher rent from potential chavs, who won't pay in any case.

izzybusy23

useless wrote: »

I have exactly the same question as the OP about asking for a reduction - but my rent went up about 3% this time last year.

Our landlord has said he is happy to keep the rent at the same level for this year.

However, I've seen an identical flat above us advertised for less than we started paying prior to the 3% rise - in fact less than I've ever seen a flat advertised for in our block.

I think I will let this one pass as a "good deal" but if another one comes up at the same price then I'm definitely going to consider asking for a reduction.

I have checked out rightmove lately and we are paying typically £25 - £50 a month above the market value for the type of rental we are in so I was going to ask for a reduction as my LL took the opportunity of raising our rent 12 months ago when we asked to sign at 12 month AST. Also a 3 bed is only going for £25 a month more than our 2 bedder so think we can show them these in order to negotiate a reduction.

We are good tenants so hoping she will agree otherwise I have no problems moving to a similar property and paying less currently or slightly larger propery and parting with £25 a month more.