Is it reasonable to negotiate rent price with a landlord? Would signing a longer lease help?

Asked by Andrew Wilkinson, San Francisco, CA Tue Feb 28, 2012

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HRG Property…, Other Pro, Acworth, GA
Wed Feb 6, 2013
Usually private landlords will negotiate a lower rate for a longer lease, but usually not too much.
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Aaron Mtuanwi, Agent, Conyers, GA
Wed Feb 29, 2012
I am sure signing a longer lease would help.
I am few of those that believe everything is negotiable.
It all depend on who is doing the negotiations and what terms are used/included in the negotiation.
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Don Tepper, Agent, Burke, VA
Tue Feb 28, 2012
Yes and yes, as Dave says.

There are various ways to negotiate a lease with a landlord. Many/most would much prefer a longer lease, and so many likely would give you a break on the price. Agreeing to handle minor repairs yourself is another way. Agreeing to automatic withdraws from your checking account when the rent is due is possibly another.

Basically, anything that can make the landlord's life easier or simpler is a possible negotiating point.

Hope that helps.
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Richard Burt…, Other Pro, Alpharetta, GA
Tue Feb 28, 2012
Hi Andrew,

Speaking from a Property Managers point of view... You can always negotiate rent. Many times there is some leeway built into our owner agreements.

Depending on the area, we are getting multiple rental offers and the days on market is not long.

The downside to asking for a longer lease, it locks you in as well. If you have to move early and break your lease it will cost you. We just had that situation with a high end rental, they asked for an 18 month extension and broke the lease with one year left on it. They had to pay an additional 3 months rent.

If you have any questions, call me at 678-488-0183. Be glad to help
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KW Turtle Gr…, Agent, Decatur, GA
Tue Feb 28, 2012
Most definitely! David is right on the money.

One note about renting. Lately, everyone fancies themselves an investor/landlord. As much checking as they do into your background, I'd recommend doing the same with your landlord. At least google them or ask for references. There is nothing worse than being in a rental situation, having something break and getting no response from the landlord. You can never be too careful!

Best of luck,

Jayson Janowski
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Jeffrey K. C…, Agent, Hiram, GA
Tue Feb 28, 2012
Yes its reasonable to negotiate a lower monthly rental. It just has to be a win win for all parties. The same can be said for extended leases. It just has to be a win win.
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David Herren, Agent, Atlanta, GA
Tue Feb 28, 2012
Yes and yes. Offering a longer lease means less vacancy time and advertising expense for the landlord, so it is reasonable to ask for part of those savings to be passed on to you.
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J Brian Craw…, Agent, Decatur, GA
Tue Feb 28, 2012
You can always try to negotiate and signing a longer lease is a great incentive for the landlord. In my market rentals are not on the market for a long time. Some homes/condos are leased within hours of being "on the market"
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Priscilla Ha…, Agent, Powder Springs, GA
Tue Feb 28, 2012
Hi Andrew, it would depend on each landlord and their reason for renting. In most cases, the terms of any contract are negotiable. Some landlords may find a longer lease appealing and others may find the higher rent rate appealing. There's no set standard or criteria, it just depends on that particular Landlord.
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Adrian Provo…, Agent, Atlanta, GA
Tue Feb 28, 2012
Negotiation is always reasonable, but isn't always necessary. Signing a longer lease would only make sense if it was mutually beneficial for both parties involved.
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