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That hasn't been my experience. My lease expires mid August, and I already got the lease renewal. The same level as the current one, not a dollar less. We start
by credit_guy 6y ago
That hasn't been my experience. My lease expires mid August, and I already got the lease renewal. The same level as the current one, not a dollar less. We started looking around. Everywhere the same, same level as the current one. I didn't get to ask about free months yet, maybe management companies will offer one-two months. But the actual rent per month is not going down, despite a significant number of vacancies.
- cududa 6y agoI asked my landlord flat out and he offered a permanent reduction of 7.5% or 15% and we could renegotiate in 6 months. You should at least try asking, it’s not like they’re just going to give that out to everyone
- amiga_500 6y agoThat's why we have the word anecdote.
- mywittyname 6y agoRecessions take a while to sink in. Your landlords are predicting a swift pickup after this "minor dip" and are acting accordingly. My experience with large property management firms is that they aren't keen on handing out discounts to existing leasees.
- RandomBacon 6y agoNegotiate. Tell the manager they've been great, but ultimately it comes down to dollar price for you. Let them know you're starting to look elsewhere unless they can lower the rate. When they reply, even if you like the rate, don't tell them that. Tell them it's not what you are looking for; that because of work and expenses, that rate isn't as affordable. Give them another chance to offer another lower rate or add a perk such as a free month or two.
- dragandj 6y agoAsk and ye shall be given.