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5 Ways To Negotiate When Your Landlord Raises The Rent

There are many ways to gain an upper hand in rental negotiations!

If you love the house you're renting, but not so much the rent you're being charged, there's only one direction to head towards - the negotiating table.There are many ways to gain an upper hand in rental negotiations. A landlord cannot increase the rent until your lease expires. If you feel as though you’ve been discriminated against or your rent is being raised in retaliation because you asked for something to be fixed and your lease is NOT ending, it’s time to take serious actions

Track the Rera Rent Index

Real Estate Regulatory Authority (Rera), shows the average rents for all communities in India. It also tells you whether your landlord is entitled to increase your rent, and if so, by how much, in terms of a maximum percentage. So, if you're seeing a drop in average rents in your community, it would be best to be armed with the latest official numbers before you go in for a discussion with your landlord.

Prove that you're a good tenant

Having a good track record for as long as you've been renting the property may come in handy in your rental negotiations. You must demonstrate to the landlord that you're a tenant worth keeping. How would you prove that? Let them know that you've taken good care of the property, you haven't damaged the fixtures or furniture in any way and have made repairs around the house when required. If there's any other reason you can think of to show that you deserve a rent reduction, this is the time to bring it up.

Give up what you don't need

Let’s say, you're renting an apartment that comes with one car parking space. Now if you don't own a car or don't intend to buy one in the foreseeable future, you can use this to boost your bargaining position. You can offer to give up this parking space, which your landlord could offer to another family that owns two cars. In turn, you can score some brownie points with the landlord and convince him to lower your next rent.
 
Propose an extended lease agreement
 
For some landlords, longer association with a tenant might have more worth than an increased rent. The guarantee that the apartment would not be vacant, is reassuring. Most lease agreements are signed for one year.
 
Give up what you don't need

Let's say, you're renting an apartment that comes with one car parking space. Now if you don't own a car or don't intend to buy one in the foreseeable future, you can use this to boost your bargaining position. You can offer to give up this parking space, which your landlord could offer to another family that owns two cars. In turn, you can score some brownie points with the landlord and convince him to lower your next rent.