Asking for rent reduction

G_M

Fine.


But send it to the landlord.

AG47

Crashy_Time wrote: »

https://www.theguardian.com/money/2019/jan/23/uk-rents-fall-for-first-time-in-a-decade

"London recorded the biggest fall in cash terms, "

“There is also slowing demand for rental properties from EU nationals, the benefits freeze, and more people are leaving London, which makes up a considerable proportion of the private rental market in the UK. These are all likely to be having a downward effect on rents.”

Crashy_Time

https://www.property118.com/number-empty-homes-actually-increasing/

jonnygee2

Dear ???????

Could we please ask for a reduction in our rent when our T.A. is due for renewal on May 1st. We are number ?

Numbers 1,2,7&11 are all empty and have been for a while now. They are all struggling to find tenants and for lower rents than we are paying.

Here is number 11 which is a little better than than our flat, and numbers 1&2 have also recently been renovated and are a little nicer than ours and being offered for cheaper rents.

The other flats here that are occupied are also paying les than we are.

We are very happy here, we don't mind not being near a tube station. We would be happy to stay for a long time and would be happy to sign a longer tenancy agreement.

As you can see we have never ever been late paying our rent and we keep the property very clean and well looked after. As we are such good reliable tenants and market conditions in our specific area have changed recently, please could we ask to reduce our rent from £350wk down to £320wk?

We would be very grateful for this and as said are quite happy to sign a longer contract if asked to do so.

I would remove the offer to sign a longer tenancy agreement unless you are sure that it's in your interest. It's a separate discussion imo.

I'd also make it a little bit clearer that on May 1st if you don't get a rent reduction you'll be moving to the advertised nicer and cheaper flat in the same block. Maybe something like 'We are very happy here in this flat, and we wouldn't to have to move to another flat in the same block if it could be avoided'.

And if the LL says no, just move. You are the customer after all.

[Deleted User]

Yes, I'd move. Might be able to negotiate an even lower price in the nice unlet flats. Its not even going to cost you to move and no fees chargeable if you leave it til June.

AG47

Crashy_Time wrote: »

https://www.property118.com/number-empty-homes-actually-increasing/

I wouldn’t want to be a landlord in these certain times.

Trying to get tenants in your property when there are so many empty properties keep undercutting each other.

Brexit is partyto blame, it’s going to be painful all round no matter what happens.

It’s probably better to just pull the plaster off quick and leave with no deal, yes short term pain a lot of pain, but it’s over quick and then move on.

They are pulling it off slowly dragging out the pain by extending brexit which just extends the pain and suffering over more time.

It’s all good news for us tenants, uncertainty and lower rents and property prices being dragged out.

Lioness_Twinkletoes

AG47 wrote: »

Here is my letter to agent

Dear ???????

Could we please ask for a reduction in our rent when our T.A. is due for renewal on May 1st. We are number ?

Numbers 1,2,7&11 are all empty and have been for a while now. They are all struggling to find tenants and for lower rents than we are paying.

Here is number 11 which is a little better than than our flat, and numbers 1&2 have also recently been renovated and are a little nicer than ours and being offered for cheaper rents.

The other flats here that are occupied are also paying les than we are.

We are very happy here, we don't mind not being near a tube station. We would be happy to stay for a long time and would be happy to sign a longer tenancy agreement.

As you can see we have never ever been late paying our rent and we keep the property very clean and well looked after. As we are such good reliable tenants and market conditions in our specific area have changed recently, please could we ask to reduce our rent from £350wk down to £320wk?

We would be very grateful for this and as said are quite happy to sign a longer contract if asked to do so.

Please forward this email to your client the owner of number ?

Yours faithfully

Urgh. That's a horrible letter. Far too much begging. You are in a strong position and your letter should read accordingly. Changes, below:

Dear Landlord

I write with reference to the rent being charged on this property.

As you may be aware, flat numbers 1,2,7&11 are all vacant and have been for some time; this is despite the lower rent. We have also noted that a couple of properties have been renovated and are in much nicer condition than our current home.

We have been very happy in this property, and, unlike some, we don't mind this distance to a tube station. As you are aware, we have been excellent tenants, with consistent, timely payment of the rent and we keep the property very clean and well maintained.

Given that we are such exemplary tenants, and taking into consideration the changes to market conditions in our area, we are writing to request a rent reduction. We would suggest that a reduction to £310 per week.

I am sure you would agree that it would be a shame for us to have to move, but with the forthcoming changes to letting fees, this certainly has become a possibility if an agreement cannot be reached.

Kind regards

As advised, send directly to the landlord as it's his decision and I wouldn't even trust the letting agent to pass it on. I've put a lower amount that you indicated - this is so you can negotiate and the landlord, if he agrees, will feel he has had a small win.

Of course, you absolutely should not send this letter if you are not serious about moving if the rent is not lowered.

Ivrytwr3

Much better Twinkle.

However, is the OP saying the rent is currently £350 per week?!

cattie

Ivrytwr3 wrote: »

Much better Twinkle.

However, is the OP saying the rent is currently £350 per week?!

As they mention the distance from a tube station, then the rent can easily be £350 per week as they must be in London/Greater London.

Lioness_Twinkletoes

Ivrytwr3 wrote: »

Much better Twinkle.

However, is the OP saying the rent is currently £350 per week?!

Good point - I'll amend