Time to Renew your Rent!

The legal stabilized rent is the maximum a landlord can charge. The law also permits a preferential rent whereby the landlord and the tenant agree to a lower rent than the full legally permissible maximum rent. Usually the landlord is willing to negotiate the rent considering with several factors.

The tenant who is serious about entering negotiations should do some research. This includes checking the real estate advertisements online or newspaper to look for similarly apartments in the same neighborhood which are currently in the market. The real estate sales representative are a incredible resource because of their professional access to the MLS system.

Another major factor is the history of the particular tenant. The Landlords will consider to make concessions to tenants who are careful with submitting their rent on time, minimal in asking for repairs and maintenance and easy in dealing with the management.

Good Luck with your next Negotation!