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Rent Price Increase
venomx
Posts: 1,142 Forumite
Been here a year now and landlord have offered a new tenancy however it's going to be £30 extra each month, is it possible to haggle or do I have to take whats offered ? Thanks
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Comments
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You are perfectly entitled to haggle.
If you are good tenants, the landlord might be prepared to take a bit less to keep you. If you moved out it could potentailly take a long time to recover the lost money from any void periods.
On the other hand, if the rent is already cheap for the property and easy to let, the landlord may say no.
No harm in asking though.0 -
Yes you can haggle. The landlord doesn't have to listen, but you can ask. I would do it by phone rather than in writing, if you have their number. If they agree, that's when you put it into writing.
Keep in mind that you don't even have to sign a new agreement or even reply to this request. If you don't, it will convert automatically to a periodic let at the same rent you were already paying, but the landlord will then only need to give you 2 months notice to leave (and you would have to give one months' notice to leave). Most tenants prefer a bit more security to know that they can stay where they are. In addition the landlord can raise your rent afterwards without giving you a choice, but they'll have to give the appropriate notice of the increase and it has to be in line with any conditions that might have been on your original lease.
Your best bargaining power here might be to say that you'd be willing to sign another 12 month agreement but at the same rent. Landlords generally prefer a long agreement with a reliable tenant as it gives them certainty that their mortgage is covered and their property is being looked after.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
You can 100% haggle. Would be good to check the ongoing prices around your place to see if it serves value for money. Best to offer half way (£515)- that way both parties are happy but then agree more than one year's contract - that way you know you are immune to further increases every year.0
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* Rent increases: when & how can rent be increased?0
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