Friday, April 10, 2009

Negotiating leases in light of the current rent decreases

This was in the mailbox this morning ...

Hey, was wondering if we could post an open thread about negotiating leases. in light of the current rent decreases (see
http://www.nytimes.com/2009/03/29/realestate/29cov.html), might be interesting to discuss negotiations to renew our leases. i know we're looking to have our rent decreased, as it's already overpriced, otherwise we're considering moving out.

2 comments:

Anonymous said...

It's reasonable to ask for a decrease in rent. We're going to ask for 10% decrease with a stipulate increase for the next lease. If you have been paying rent on time for a year, you are more valuable to them. They know you're not likely to screw them. Still, you need to be willing to walk away from the building. And, it makes sense: if our landlord won't give me a rent decrease, my new landlord will...

Anonymous said...

yeah, we're going to ask for a decrease as well. and we're willing to walk away if we don't get it.