Can You Ask a Landlord to Lower Rent
If you find yourself struggling to pay your hire due to unforeseen financial circumstances, ask your landlord for a rent reduction to aid you save money and go back on your anxiety.
Hire is a universal expense — almost everyone pays either rent or a mortgage. In fact, rent usually takes up about 30 percentage of your bacon but in some cases, it is even more. If you've found yourself facing difficult times financially and are struggling to make ends meet, you lot may want to create a rent reduction letter of the alphabet to give to your landlord.
Information technology may seem nervus-wracking to enquire your landlord to reduce the price of your rent. After all, you signed a charter and agreed to the price. However, you'll never know if you don't enquire.
Nosotros've created a thorough guide that'll walk you lot through reasons to ask for a hire reduction, how and when to ask your landlord and what to practise if you lot're denied. If you've plant yourself in this state of affairs, nosotros've got you covered with detailed information.
- Jump ahead: Rent reduction letter sample template
7 scenarios to ask for a hire reduction
Everyone's financial history is unlike. Some people are struggling to pay rent because of a low-paying task while others have had an unexpected emergency pop up that negatively impacted their budget.
Here are some examples of different reasons you lot could write a rent reduction letter to your landlord.
1. Financial problem
If you've found yourself in a situation where money is suddenly tight, this could qualify for a rent reduction. Life happens and it'southward common for unexpected bills to pop up. Maybe you were in an blow and now have medical bills to pay for or your motorcar broke downwards and needs repairs.
Regardless of the circumstance, if lowering your rent would assist ease your financial burden, even for a short menses, it's worth asking for. Only remember to conspicuously explain the situation and let your holding director know that this was out of your control and not a issue of poor fiscal direction.
two. Loss of job
When you signed your lease, you lot may have had a steady job that paid well. Now, you've lost your income and tin't make your monthly rent until you secure another job.
If this is your state of affairs, you could write a rent reduction alphabetic character and explain the scenario to your landlord because they might piece of work with yous until y'all find new employment.
3. Took a pay cut
While you may nevertheless be employed, sometimes, you'll be faced with a pay cut. If this happens, your income is suddenly less and bills are harder to pay. This scenario may qualify you for a hire reduction.
It is up to the landlord, but if you clearly explain your state of affairs, they may negotiate with you.
4. Neighboring backdrop have lower rent
Generally, apartment complexes in the same neighborhoods have like prices for hire. But, if yous begin to notice that neighboring properties pay significantly less in rent compared to you, y'all could bring this up to your property manager in your rent reduction letter of the alphabet.
Landlords want to stay competitive with their pricing and accept all of their apartments occupied and if they're not, you can potentially leverage this for a lower hire.
v. Lacking common amenities
If your flat complex lacks basic civilities similar a laundry facility or covered parking stalls, you could apply this to negotiate a reduction in rent.
Oftentimes, rent is more expensive when the property includes civilities like a playground, gym, on-site laundry and covered parking. If your apartment circuitous lacks these things, you could talk to your landlord about adjusting hire to reflect this.
6. Poor belongings upkeep
Everyone wants to alive in a facility that is safe and clean. In fact, landlords are legally obligated to ensure that each apartment is habitable.
If yous retrieve your apartment is lacking full general safety and sanitary measures, get-go, talk to your landlord most addressing that and 2nd, use this to negotiate the price of rent.
7. The lease agreement is not being met by property managers
A lease is a legal contract that binds tenants and property managers to certain terms. Tenants concur to pay rent and keep their apartment clean and landlords agree to provide a safe and make clean living environment.
If y'all believe this contract is not being met, you tin talk to your landlord and ask for a rent reduction if the lease agreement is not beingness held upwardly past both parties.
How much to reduce in rent?
So, you've decided that you will ask for a rent reduction simply need to make up one's mind how much is reasonable to reduce. Well, this depends on a few factors like the city, neighborhood, amenities offered and your situation.
You demand to assess how much would ease upward your financial load while also being reasonable with your request. For example, you probably won't get your landlord to reduce your rent in half and will likely go shot down immediately if you inquire for that.
To determine a fair corporeality to ask for in your rent reduction letter y'all need to do your research. Yous can see what neighboring apartments are renting for; you tin can ask your neighbors how much they are paying and you tin come across what the boilerplate toll of hire in your metropolis and state are.
If you come prepared with this information, you'll likely have an easier time negotiating a off-white rental reduction charge per unit.
When and how to enquire for a rent reduction
Once you lot're ready to write a rent reduction alphabetic character, information technology's all virtually when y'all send it and how you enquire for what you lot need. The all-time fourth dimension to ask for your rent reduction is right away because you don't desire to become behind on payments and and then ask. When you lot first realize that you demand a lesser hire payment, it's time to start drafting your rent reduction letter.
The next best time to ask for a rent reduction charge per unit is when your lease is up for renewal. It'southward easier to draft upwards an entirely new lease than information technology is to rewrite an existing lease.
Ways to brand a skilful case in a rent reduction letter
To brand a good instance for yourself, showcase that you are an outstanding tenant to your landlord. Hither are some ways you can vouch for yourself to better your chances of getting a rental reduction.
Steady payment history
Have you always paid your rent on time, or fifty-fifty early? Have you had a steady payment history in the past? If this is the case, your property manager is more likely to sympathize with you and understand that yous've truly fallen on difficult times and could use a little wiggle room on your rate.
Show them your payment history and use this to your advantage.
Some money is better than no money
If you can still pay hire merely just a lesser amount, some coin is notwithstanding better than no money. You tin can talk to your landlord and assist them empathize that yous'll still exist paying rent and that they'll still become an income, albeit a scrap less than before.
Longer lease
Do you programme on staying at your electric current location long-term? If so, you tin compromise and sign a longer lease at a lower charge per unit.
Property managers want to go on their apartments occupied, so if you tin sign a longer lease instead of calendar month-to-month, they may reduce your rental charge per unit.
Sample rent reduction letter of the alphabet
Yous tin send the hire reduction letter via electronic mail or postal service. Cheque and see how your landlord likes to receive communication and tailor your letter to that.
Follow our template beneath to create your rent reduction alphabetic character. But update everything in ( ) and you lot'll be good to go.
Download the sample rent reduction letter of the alphabet PDF
Download the sample rent reduction letter Give-and-take Doc
(Your Proper name)
(Current Address of Your Flat with Unit Number)
(City, State, Zip Code)
(Date)
(Landlord or Apartment Company'southward Name)
(Address as Printed on Your Lease)
(Metropolis, Land, Null Lawmaking)
Re: Request to Lower Hire Payment for (Unit of measurement)
Hello (Landlord name),
This is (Your proper noun) and I am a tenant in (Building #, Unit #). I'g reaching out to you considering I'd similar to talk over lowering my monthly rent moving frontwards. I enjoy living here and would like to continue renting from you lot, but my financial circumstances accept changed and a reduction in rent would exist incredibly helpful for me.
I'd like to highlight that I've lived hither for (insert tenure) and in that time, I've e'er paid my rent on time, kept the apartment in great condition and accept been a courteous neighbor and tenant. I believe I'thou a great fit for this community and an exemplary tenant.
To brand sure my request was reasonable, I've washed research to see what like complexes are renting for and what others are paying in hire. This makes me believe that a minor reduction in rent is reasonable and fair with the marketplace.
I'd similar to ask for a (insert dollar corporeality) reduction to my monthly rent, however, I'm open to negotiate and compromise. If you accept this request, I'd be able to continue my lease and call this home.
Tin can nosotros schedule a fourth dimension to come across and discuss this in more particular? I'1000 eager to detect a style to make this work for both of united states and observe a compromise that meets both of our needs. Delight let me know when we tin chat.
Cheers,
(Signature)
(Your Name)
(Current Apartment Address and Unit Number)
(Phone Number)
(Email Address)
What to do if you tin't reduce your rent
Because it'due south up to the landlord whether or not to reduce your rental charge per unit, they may say no. If that'southward the example, don't get too stressed because there are still other options bachelor to you.
Look for a new identify
If you demand to, y'all can find a new place to rent at a lower toll. You may accept to look until your lease ends or pay to break your lease but information technology may relieve you money in the long run to observe a less expensive place to rent.
Yous tin can compare rental prices in different areas hither.
Adjust your upkeep
It'southward smart to reassess your budget to find out where you lot tin salve extra coin. Maybe it'due south something pocket-size similar cut back on your daily java habit or something more substantial like consolidating credit cards for a lower interest rate.
Either way, taking an honest expect at your upkeep and seeing where you lot can save can help you make your payments and ease financial stress.
Pay rent bi-weekly instead of monthly
Sometimes, it's a affair of adjusting your payment due dates that'll make things a bit easier. For example, instead of paying your rent monthly in a large sum, ask if yous tin can pay every other week so the payment itself is a bit smaller and leaves you with more coin to pay your utilities and other bills.
Advocate for yourself
You accept to abet for yourself. No ane else knows your struggles and if yous don't ask for what you need, you lot'll never get it.
By writing a rent reduction letter to your landlord, yous may become what you need which will enable you to get dorsum on your fiscal feet.
The data independent in this article is for educational purposes just and does not, and is not intended to, plant legal or fiscal communication. Readers are encouraged to seek professional legal or financial communication as they may deem information technology necessary.
Source: https://www.rent.com/blog/rent-reduction-sample-letter/
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