When Should I Negotiate My Rent?

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If you are thinking about how high your rent is and you want to negotiate it to make it lower, then you need to know when to get it done. Choosing the right time will make a big difference and can help you get the rate that you want, or at least lower the rent a bit. You may feel a bit stressed about your finances and how much you are paying in rent right now, but the timing can help determine how successful you will be with your negotiations. Some of the best times to negotiate your rent includes:

 

# Lease renewal: The end of your lease is a great time to negotiate the rent. You can discuss the terms of the next period of a lease and get a better rate, or at least reduce the amount that the landlord would like to increase the rent too. Landlords would prefer to keep a good tenant compared to finding someone new, so you have more leverage with this one.

# During a market downturn: In a rental market slump, it is more likely that your landlord will be open to negotiations. This helps them to keep the property full rather than letting it get vacant. You can talk more about the rate if they are worried that they will not get any rent at all.

# When you sign a longer lease: if you take the time to sign a lease that is longer than the 12 months, then the landlord may listen to reducing the monthly rent. They like to know that they will be able to get a steady tenant who will pay the rent each month and can lower the amount to make that happen.

# Off-peak seasons: Landlords are more willing to negotiate with you during some of the off-peak rental seasons, especially during the winter months, when they find it harder to get a good tenant.

# Before you sign the lease: You should consider asking about a lower rate before you sign the initial lease. This can help you have some more leverage and makes it easier for the new rate to get added into the new lease.

 

When you are looking for apartments near Fort Worth, then come and check out some of our units to see which one is right for you. Whether you want to focus on the right location or are looking for certain amenities to make your life a little bit better, then our units will be the right ones for you. Come and take a tour, ask any questions you may have, and see if it is time to fill out a rental application today!