negotiating rent

readytofly

Is it acceptable to negotiate on a monthly rental price? We are going to view a house for rent, on the same road we wanted to buy (i lost one of my jobs, sale fell through and not ready to get a mortgage yet!) so we are really keen on it already! Its on for £775, 1 bedroom house, off street parking, private road, newly painted and new carpets, GCH, loft space in north london and all kitchen appliances. My friend works as a letting agent and has suggested we can 'offer' £750 a month? And thoughts welcome!

PS we are completely new to renting!

Thanks!

Alter_ego

I'd try £735 and be prepared to raise to £750
Remember the agent works for the landlord, also he is on a percentage.

readytofly

agent is my oldest friend, literally known since birth and she knows the landlord! Just trying to help us out best she can Thanks for that tip though

First_Time_Buyer_Guru

Hi Readytofly

Absolutely! You can negotiate all you like, and this should be actively encouraged. Also Alter Ego is right but the figures involved are so small that it's barely worth an agent's time to worry about securing a higher rent than not at all. You should certainly offer £750 as a maximum. The landlord will lose out on £25 x 12 (£300), but secure a tenant for 12 months at least.

Hope this helps!

readytofly

brilliant thank you both!