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My lease in Sunnyvale is ending in 3 months, already last month my landlord approached me and asked if I want to stay for an extra year at a 5% increase. I told
by ThrowAwayBay 6y ago
My lease in Sunnyvale is ending in 3 months, already last month my landlord approached me and asked if I want to stay for an extra year at a 5% increase. I told him I'd like to take some time to think about it and see where things are headed, but I'll need to get back to him soon. My house is below market already from looking at Zillow, and even with a 5% increase it still will be, but I'm not sure what I should do (besides asking nicely to drop the increase). I'm not sure if/how this will affect big 4-5 bedroom family homes vs. smaller places. Young single people can just up and leave, for a family it's less trivial.
- ccktlmazeltov 6y agoI've had that happen to me and I told them that I would move if they increase the price. I really didn't want to move, but I'm also too proud to let someone up my rent like that. It worked, they didn't increase the rent.
- ThrowAwayBay 6y agoYeah, we're both playing chicken I guess, and they're good landlords and I think the feeling is mutual; plus they really lucked out to rent to someone working at a very stable company with low risk of layoffs at the moment. So I believe I have better leverage at the moment, but if there are two things I hate, they have to be moving and negotiating.