[ontheroad]

We have finally found a great appartment, but it's 18K over our budget and the landlord will only lower by about 5K. Any one know what kind of selling points we can use, to have him lower his rent down to our budget?
Any ideas welcome!

Thanks!

[MotoHK]

None other than committing to a longer lease. Landlors typically will grant a marginal discount if you commit to a longer duration.

[carang]

i think that an $18k reduction is asking a bit much though...VERY unlikely you'll get it.

wish you the best of luck though!

[sunniefaith]

Think you should count yourself lucky to get it reduced by 5K. Asking for 18K, is a tad too much, don't you think?

[PDLM]

It depends - if the rent is 180K then 18K might be doable.

I have done deals getting 10-15% off by paying 6 months up front, but it really depends on how badly the landlord wants cash...

[coolgirl]

Originally Posted by PDLM

It depends - if the rent is 180K then 18K might be doable.

I have done deals getting 10-15% off by paying 6 months up front, but it really depends on how badly the landlord wants cash...

Great idea! Will try this in my next lease...

[hullexile]

You can also perhaps get a small discount if you can show you are in a stable job. I got one because the rent is paid direct by the employer. I am intrigued as to what the original rent was if you are looking for an 18K reduction!

[freeier]

ya coolgirl, and then u are going to get posted to london after 1 month and u forfeit your 5mth upfront payment

[PDLM]

Originally Posted by freeier

ya coolgirl, and then u are going to get posted to london after 1 month and u forfeit your 5mth upfront payment

Some of us have rather more control over our lives than that!

[ontheroad]

Originally Posted by hullexile

You can also perhaps get a small discount if you can show you are in a stable job. I got one because the rent is paid direct by the employer. I am intrigued as to what the original rent was if you are looking for an 18K reduction!

I'm embarassed to say... 80K... we've negociated with our employer to pay the rent and have it deduced from our salaries (and so have the lease in their name) plus it's for a long lease (3 years) but it's not helping, owner won't budge.