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How to Bargain for Rent

If you are looking for a property to rent, it is a good thing to know that landlords often allow for some wiggle room to negotiate, and lower your rent. In order to be a good negotiator, there are a few steps you can take. First, do some research on how much the people in the same neighborhood and building are paying. By doing so, you will determine how likely you are to have your rent lowered. This will take time, but look at property ads, and talk to neighbors.

When it comes to the actual negotiation, it is best to approach the landlord yourself, and to do so at the last minute. A landlord is particularly open to negotiation if it is near the end of the month or has not found a new tenant yet. Use this to your advantage. Be also careful at what time of the year you are trying to negotiate. Doing so for September in a college town might now be the best idea. If you are renting, try to negotiate with your current landlord and give yourself a bit more time. Make sure you let the landlord know that if the negotiations don't go well, you can still find yourself a new apartment.

Start by asking a lower price, and do not accept the first offer. If you find out that your landlord won't budge on the price, ask for free parking, a new appliance, or something that will benefit both of you. Find out what your landlord really cares about and try to leverage that to your advantage.

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