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The only term i’ve really ever had luck negotiating with is the length of the lease. Longer lease = lower rent. Then try to end your lease at a time when apt hunting would be advantageous to you (off peak)
I would treat it they way you treat negotiation with counter parties. Send a professional email saying you’d love to stay but that the increase they proposed isn’t consistent with the market. Then, suggest a compromise increase you’d be comfortable with. Be prepared to walk away if they don’t budge. Results may vary but it never hurts to try.
Lol if they actually said it was inflation. That’s way over inflation rates.
What state? In CA, the max is 10% increase per year
Didn’t realize inflation jumped to 17% lol
tell them you’ll sign in 2 weeks (stc) if they offer you the amount you want to pay
other things you can offer aside from speed
- longer lease term
- [better] rent deposit
they want an income stream
Samw thing happened to me except it was a 25% increase. Crazy thing is the apartments were flying like hotcakes at these new rates. I tried to negotiate a 10-15% increase but they told me to fly a kite. I renewed at the higher rate and getting wrecked on the first of every month. Wish you better luck.