Getting cheaper rent

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    Getting cheaper rent

    I rent right now and want to maintain a rolling deal or 6 month tops but with lower rent circa 30% off. What the best way to go about this? I'm not looking for a moral/ethics conversation just from experience of those on either end of that kind of negoation what can work. I am the perfect tenant who has always paid on time for 5 years moving up from a just one room to the entire property.

    I have been saving as hard as I possibly can for 8 years. I was considering pulling the trigger and buying a house last year as was in 25% deposit territory. Now, with Corona all my Christmases appear to have arrived at once. I will prob go end of year with a 35-40% deposit as prices are tanking. Just want to leverage my rent as much as I can to maximise my down payment.

    Cheers

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    #2
    Originally posted by JoshyT View Post
    I rent right now and want to maintain a rolling deal or 6 month tops but with lower rent circa 30% off. What the best way to go about this?
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    Find a smaller property?

    Comment


      #3
      I will not give a moral/ethical conversation. Your attitude is shocking, to be polite.

      Comment


        #4
        Originally posted by JK0 View Post

        Find a smaller property?
        Did you read the question ? I don't want to move twice in a year...

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          #5
          Originally posted by scot22 View Post
          I will not give a moral/ethical conversation. Your attitude is shocking, to be polite.
          If you have no value to add to the post/conversation why instead resort to trolling?

          Comment


            #6
            As a LL I'd tell you where to go. I wouldn't want a tenant with your attitude.

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              #7
              Originally posted by royw View Post
              As a LL I'd tell you where to go. I wouldn't want a tenant with your attitude.
              Can anyone read the original message? I'm not looking to make friends with my landlord. I want negotiation tips to help with a financial discussion. Really not interested in a character assassination. Save trolling for another thread.

              I see some of you have already been told by mods to delete your secondary accounts and stop being trolls ....

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                #8
                Move somewhere away to a much cheaper area. I've a 2 bed house, sea & mountain views, garden, 100mtrs from open hillside & stream, £580/month currently empty.

                I look forward to your thoughts on the matter.

                Best wishes to all, stay safe!

                Perhaps I should start a thread enquiring how I might get 30% higher rents... Any ideas folks?
                I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

                Comment


                  #9
                  Originally posted by scot22 View Post
                  I will not give a moral/ethical conversation. Your attitude is shocking, to be polite.
                  Quite. Here we have an OP who is asking advice about how to abuse someone else. Those abusive inclinations are evident from his other responses. You already have a contract, and cash in the bank to fund that contract, so what leverage do you have anyway. Don't pay rent and get sued is leverage I guess. It's good to sue someone with cash, and you won't win.

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                    #10
                    You make a good point. Perhaps my post could have been clearer.

                    I am currently on a rolling deal now. One month and I can leave so that is my leverag. Absolutely not going to breach contract, boycott payments or whatever. So not sure where you get the idea I want to abuse someone or how I would the be in a position to be sued.

                    A little perspective - we have handed over nearly 70 grand since we met him. If anyone has been abused it definitely hasn't been him!
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                    Can anyone help?

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                      #11
                      This bloke saved nearly £8K on his rental;

                      http://viz.co.uk/tag/rent/

                      Comment


                        #12
                        I have a room becoming vacant soon so I had a look to see what other landlords were offering in the area and current rents. My rents have always been competitive but was surprised to see at this time that other landlords in the area were asking for on average £50 more per room than I charge. I have a 7% yield as it is, which I am happy with, and very good tenants. The point I make is that you should check rents in your area to see how the rent you pay compares to what others are asking for in your area. If its lower or about the same then you have no room for negotiation. As you have savings you can't argue that you cannot afford your rent at this time or going forwards, so there is no basis for negotiation there either.
                        Landlords where I rent a property out are offering virtual viewings so there are ways to let out properties at this time and in a months time the lockdown may be relaxed to some extent. There isn't quite as much on offer currently, which could be one reason for a hike in rental prices in my area, but this likely varies dependent on location.
                        You could really only try and get a rent reduction if you sign another 6 month AST, if the landlord is willing. If after doing some research you feel your rent is a bit high you could try asking for a reduction but I doubt anything beyond 5-10% would be considered if at all.
                        I had a quick look on rightmove for my area, no signs of prices dropping but sales just can't be completed currently. You might find that supply of houses drops as people hold off selling this year so you could still be renting a number of months at this time which gives you more time to save and a move to a smaller/ cheaper place could be worthwhile.

                        Comment


                          #13
                          Asking the landlord for a rent reduction and seeing what he says would probably be more useful than coming on here asking us.
                          How did you go about it back in June 2018 when you posted on here asking how to get cheaper rent for the room you were renting from the same landlord? If you were successful in getting a reduction in the room rent at that time then maybe the same approach would work in this situation?
                          Could you ask your landlord if you could go back down to renting just one room instead of the entire property?

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                            #14
                            amy131,

                            We are inline with asking rents in the street approx if not a little cheaper. 6 months would probably be about right - are you able to get 6 months with a break clause?

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                              #15
                              BTL investor,

                              It's a two bed house. I was paying £1,000 and for room almost identical while new flatmate in at £900. After 4/5 months the guy did a runner without paying - think he was in arrears. I just said to the landlord I'll do whole house for £1800 and my girlfriend moved in.

                              ​​​​​​We do already live in one room - 2nd is for when we have friends/family over and for her excessive clothing collection. So yeh would could just rent one room. But that would involve a new contact and rewriting etc right and then would be a 50% discount.

                              But you give me an idea, a temporary lodger is not a bad shout!

                              It's funny how on house saving/negotiation forums you do get proper help on investment advice and how to negotiate for a house and what to watch out for etc. Why is asking landlords for advice such a strange ordeal? It's seems like "how dare you try to make things better for yourself".



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