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Research the Rental Market. Rental markets rise and fall and with it rent prices go up and down. Consider the Season. Calculate If It's Financially Worth It to Negotiate Rent. Consider How Close You Are to a Vacancy. Offer Incentives Instead. Next Steps.
Dear (property manager's name), I wanted to contact you today to ask if we could discuss lowering my rent. I love living here but lately, finances have been difficult and a slight reduction in rent would go a long way in helping. It's important to me to be a good and responsible tenant.
I am writing to make you a request to reduce my rental obligation each month until the economy improves. Honestly, it would be very difficult for me to continue doing business with the current rent and would be highly grateful if you could consider my request.
Ask the landlord if rent price is open to discussion. Highlight your strengths as a tenant. Inquire about extending the lease. Offer to end the lease in the summer. Research the property's value. Be open to compromise. Negotiate directly, follow up in writing.
The tenant's name. Property address. Landlord name and contact information. The date the letter is written. The date the rent increase will take effect. Current rental amount. Amount of rent increase. The date the new rent will be due.
Step 1: Write a Cover Letter. Step 2: Provide a Summary of the Proposal. Step 3: Specify the Operations of the Tenant. Step 4: Present the Cost Summary. Step 5: List the Terms of the Contract. Step 6: Mention the Benefits.