Rental prices - negotiable?

Lips

Hello,

This may be a daft question, but can anybody tell me if house rental prices are negotiable? I've never rented before and I don't want to embarrass myself by trying to knock down the price, if that's not really the done thing.

Thanks, in advance....

Lips

mr.broderick

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paintpot

mr.broderick wrote: »

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Eh, have I missed something

Everything's negotiable moreorless.As a landlord, I might consider reducing the rent if the tenant is a very good prospect and the property is not in high demand at that time and I don't want it to stand empty. Of course, if you offer less than you run the risk of losing it to someone else so depends how badly you want it, whether you can afford it and whether you are in a strong position to negotiate e.g whether you meet all the landlord's criteria, have a good credit record/references (most reputable landlords will reference), can move in to meet the landlord's timescale etc. You would need to present your case.

Turnbull2000

Usually depends on your location. In central London for example, I believe there's a great deal of competition for rental accommodation.

But there's nothing unusual in trying to knock down rent 5-10%.

My flat was originally advertised at £600pm. No takers. Re-advertised at £550pm on which I offered and they accepted £500pm.

Lips

Ok, good to know. I remember asking in an art gallery if the price of a painting I wanted was negotiable, and the gentleman took me aside and told me quietly that 'one didn't haggle like a souk vendor when one was purchasing art' - I was mortified! Just wanted to make sure that I wasn't going to get another telling off.

Many thanks,
Lips

Browntoa

my brother negotiated a discount as he was taking a year instead of 6 months

mr.broderick

Lips wrote: »

Ok, good to know. I remember asking in an art gallery if the price of a painting I wanted was negotiable, and the gentleman took me aside and told me quietly that 'one didn't haggle like a souk vendor when one was purchasing art' - I was mortified! Just wanted to make sure that I wasn't going to get another telling off.

Many thanks,
Lips

Bizarre posts this evening

paintpot

Lips wrote: »

Ok, good to know. I remember asking in an art gallery if the price of a painting I wanted was negotiable, and the gentleman took me aside and told me quietly that 'one didn't haggle like a souk vendor when one was purchasing art' - I was mortified! Just wanted to make sure that I wasn't going to get another telling off.

Many thanks,
Lips

There's no such snobbery where houses are concerned whether buying or renting - trust me!

HugoSP

It all depends on how much interest there is in the place.

If a LL is faced with the prospect of another month or two with no rent or someone who seems nice offering 5 to 10% less than the advertised rent, then that is his choice. He can only say no. He may prefer to take the lower rent, get in the revenue and stop paying the council tax on it.

On the other hand if there is high demand for it and he can pick and choose the tenants then maybe no dice.

Decide what the place is worth to you and go with your instincts, you won't always get it right but with this attitude you'll almost certainly end up paying less for your accomodation in the longer term. Good luck to you!

stacey21_2

mr.broderick wrote: »

Spam reported

Whats the problem there??

leftieM

mr.broderick wrote: »

Bizarre posts this evening

Admittedly your posts this evening are a little bizarre!