Sometimes, renters think that a rental lease is a blood contract that can’t be torn apart, but for those who don’t know, leases are more flexible than what you think. There are two basic things you have to prove to a landlord to convince him/her that their rent is too high:
- The amount charged is higher than the other similar rental apartments or places that are in the neighbourhood.
- You’re the tenant of the year and you’ve proven your value by paying on time and being a good renter.
So stop looking for other rentals and unless you’re getting an actual amazing rental offer on Dubai Creek Harbour, city walk apartments or interested in some new projects by Dubai Properties, don’t miss your chance to stay right where you are for an even better price.
Here are some tips on how to negotiate your rent with your landlord:
- TIME IT RIGHT
You have to be very thoughtful of this and be sure that you want to take the risk. When this is done, you have to do it before your lease renewal is due so you can start paying your amazing new lease as soon as possible. You have to be polite and start by saying that you love the place where you live but you’d like to pay the right price for it.
- STATE THE FACTS TO YOUR LANDLORD
You love the place where you live right now but you’ve noticed that similar apartments have cheaper monthly rents in the same neighborhood.
- OFFER SOMETHING IN RETURN
Because you’re being polite, you’ll start to bargain and ask what would it take for your landlord to accept your offer and what he wants in exchange for a lower rent. You have to be open to offers like a longer lease commitment, a higher security deposit or even prepaying a couple of months.
- DEMONSTRATE YOU’RE A MODEL TENANT
This is the time when you start reminding your landlord how good of a tenant you have been for the past few months or years by paying your rent on time, how you’ve kept your place in excellent conditions and you’ve also helped your neighbours and adding also how you’re a good asset to the community might be just what you need.
Don’t miss your chance to get a lower rent!