Negotiating a Better Lease Offer
When you find the perfect South Florida lease and the only thing missing is an attractive price tag to go with it, you may want to brush up on your negotiating skills in order to attempt a more appealing resolution.
Landlords will often be willing to drop the price at least to some small extent, provided that you approach them in a friendly, yet decisive manner and make sure your offer is mutually advantageous.
Research
As you locate the property, getting familiar with the general affordability level associated with the leases in the area and looking up how other, similar offers were handled by renters who knew how to approach a good deal can prove to bring invaluable and pertinent information you can use in your negotiations.
If you’re considering an apartment, talk to the other renters and owners in the building and find out what the facilities, neighborhood and living conditions are like. Also, don’t forget to ask tenants about the amount they have to pay in order to live there.
Online research can also be useful, as you can find information on similar properties and see what other owners charge. All that will give you a fair assessment of the situation and help you present a viable offer that your new landlord might consider.
Entering the Proper Mindset
If you are unsure of yourself, the owner of the property will likely catch on and not be too willing to negotiate. Because of this, you have to be decisive, open minded, assertive and willing to compromise when it comes to landing a good deal on a lease.
Here are a few ideas to get you started:
- First of all, be sure about your research, and remember that you deserve a better offer, especially if you’re backed up by the current market trends.
- Sell yourself as a tenant and bring references, credit reports or pay stubs that can act as evidence to support your claims and good will.
- Don’t be afraid to mention other offers and options you may have or to point out if there’s something about the property that might end up reducing the price.
- Be assertive in presenting valid arguments to your claims and sticking to the subject at hand. You might even end up convincing the owner that the offer should be reevaluated.
- Don’t be too pushy. Give the owner time to consider your arguments and make a decision.
Timing and Flexibility
Two other tips we can offer both have to do with the appropriate mindset for lease negotiation and with being informed not only about the market, but knowing about the landlord’s specific situation and intentions.
The best way to see exactly how far landlords would go in keeping their stance is by finding out how long the ad has been on the market. If it is more than a month or two since it has been posted, the owner will probably be more open for negotiations because of the prospect of losing money.
If you combine this with your own decisiveness and ability to compromise by showing that you are flexible, you’re basically all set. A flexible offer may consist of suggesting that you’ll sign a long term lease in exchange for a smaller rent or that you might be willing to meet somewhere in the middle with the price.
We can show you exactly how to make practical use of these and many other tips and guidelines. Our qualified experts, here at Realty45 Inc, will assist you in numerous ways to get a desirable, advantageous result for your lease offer.
