Searching for a flat to rent is challenging. You want a space that is large enough for you and your family. However, if you eventually intend to buy a property, you do not want to spend everything on flat rental. You are temporarily staying in the place, and you will soon find a place to call your own.
Therefore, it helps to be smart in negotiating with the landlord before you close the deal. The advertised rent could be lower if you know what to say during the negotiation.
Ask if the landlord is open to discussion
Some landlords have a “no negotiation” policy. The advertised amount will remain the same, and it is not up for discussion. If the landlord has made it clear and you think the price is way too much, you need to learn how to walk away politely.
Talk about your strengths as a tenant
It also helps for you to talk about why you deserve a lower price for the flat rental. Talk about your strengths, like your ability to pay on time. Show your previous receipts indicating that you did not miss any payment. Apart from property rental bills, you can also show receipts for utility bills. The goal is to convince the landlord that with a reasonable rental fee, you can pay the amount on time.
Ask about extending the lease
Usually, a flat rental contract is good for a year. Once the lease is over, you will renegotiate with the landlord. The problem is that you will go through the same process again. At that point, considering the inflation rate and other factors, your landlord might ask for a higher rent. Therefore, you need to enquire about the lease extension early. Ask for 18-24 months of lease. You will pay the same amount until the deal is over. For landlords who also hate searching for new tenants, it is a good deal.
Check the value of the property
Look around and compare properties. If you know the average rental price of the flats in the area, you will be in a better position to ask for a discount. Your landlord will not tell you that the other properties are way more expensive if you know they are not.
Be willing to compromise
Some landlords are open to negotiation, but not at the price that you wish. If the landlord asked for 50% less than the original price discount you asked, you need to grab it. You cannot hope for the exact amount you wanted since it is a negotiation.
Sign the document
Once you have agreed on the details of the lease, you need to sign the document. Make sure that all the details are in writing because oral agreements are not legally binding. Read the contract first and sign the document when both of you are present.
If you are still unable to find the right flat to rent, you can check out https://www.beresfordsgroup.co.uk.
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