Can I ask my landlord a 10% price decrease and at the same time renew it in a month-to-month basis?

Kbusne
Other/Just Looking
Bronxville, NY

My lease will be finished by december 30th. I'm not sure I want to stay in this house, now that for the same price I can get a bigger/bether house. I don't want to engage myself for one more year. My lease determines 4% price increase if I renew it. Thanks in advance.

Answers (2)
Bill Eckler-Flo...
Agent
Venice, FL

You'll never know until you ask.....but it will help if you keep it real. Put yourself in the landlord's shoes and try to look at it from their perspective.

Requesting a month-to-month consideration is one thing.....asking for a rental decrease on top of it may be excessive especially with a 4% increase built into your lease renewal.

Good luck

Fri Sep 25 2009, 13:30
Rey Hollingswor...
Broker
Mount Vernon, NY
FIRST ANSWER

You can ask for anything you like. While you're at it, ask him if he will pay my mortgage. Your'e landlord is going to tell you to take a hike. Asking for a price decrease is not uncommon in this market but understand that the rental market is not suffering like the housing market. You may not have much leverage, and may get bounced out of a good thing.

Month to month is like not having a lease. If you don't renew, but you stay, more than likely you are already a month to month. However the landlord now can boot you out at his discretion. If you can buy something, then buy something. You have enough time to decide. If you need help...AskRey.

Rey Hollingsworth Falu
Licensed Associate Real Estate Broker
Houlihan Lawrence - Bronxville

Direct 917-855-0277
rhollingsworth@houlihanlawrence.com

Web Reference: http://www.askrey.net
Fri Sep 25 2009, 12:45

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