NYC Fish- has anyone tried to renegotiate his/her monthly rent in the middle of a lease? I don’t want to break lease (ends on 7/31) but I’m overpaying :(

likehelpful
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OP, would it be fair for your landlord to increase your rent mid-lease because market rates had gone up and your rent was now way below what he or she could get if they kicked you out and found a new tenant?

The answer is no. Leases are intended to provided 2-way security for both the tenant and landlord

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Very fair. Would want to compromise instead of leaving them high and dry

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You can ask but you need to throw something your landlords way too. Try committing to another year in exchange for lower rent

likesmart

That’s what I’m thinking

I was paying way too much for a studio apartment but was able to get my rent down $700 based on other apartments in the area and the building itself. Now is the time to negotiate.

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I say it doesn’t hurt to ask. Do your research any similar Rent for similar apartments in your area, point out that they are renting a similar unit for less, cite reasons of financial trouble but above all be courteous about it. Make your request for A lower rent open ended as well as you’re not demanding, you’re seeing what can be done. Then if your landlord says no, you can either move on your own or just stay and renew your lease. Be courteous and nice about it. Don’t go in swinging. They are people to.

Also if your unit Is owned by a management company and not an individual, you can feel less guilty about asking for a reduction.

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How much is your lease? Where and how many bedrooms?

I’m wondering if the other unit is cheaper because they had a hard time finding anyone during covid so they cut the price. Maybe your landlord would let you transfer your lease to the larger unit? (Pay the same but get more space?)

likesmarthelpful

Honestly OP- these are weird times and a good landlord would prob lower your rate- especially if you had a reason (lost income / need a cheaper place etc).
Mine lowered our Brooklyn rent -$600 a month back in may. Then when our lease was up they offered a new lease at -$800 from original.

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