Negotiating a Good Rental Deal with Your Landlord
Renting sounds complicated and annoying, but it really is an easy and convenient process. The only difficult thing about renting is finding a good rental deal from an honest landlord. Many landlords are good people, but there is always the occasional one that is just trying to rip all your money away! So how does one negotiate a good rental deal? Good question! Read on to find out!
The first and most obvious thing to work out is the cost of the house you plan to rent. More than likely your potential landlord will have already given you an estimated monthly cost for their house. You need to check three basic things in order to determine whether or not their price is good; quality, quantity, and size. If the quality of the house is good, meaning nothing is broken or damaged in any way, this factor can be ignored for now. The quantity of the house is referring to the provided appliances and furnishings. If your landlord tries to charge you the same rates as most other rentals of that area, but isn’t providing your with any furnishings, you need to negotiate a decrease in monthly cost. If he refuses to lower the cost, either you need to convince them to supply essential furnishings, or move on to anyone rental house. The final thing to check for is size. Based on the size of the property, most importantly the houses size itself, the landlord’s rental fees should be adjusted accordingly. Do your best to find out the average prices for other rentals in the area and then use those to negotiate the honest price for what the landlord is offering you.
Make Sure Your Contract is Fair
Money is only half the issue here. Once you have come to terms with the monthly fee, you need to start working on the contract itself. In most contracts, the landlord will specify that any appliance or object owned by them that is damaged by the tenants should be repaired or replaced by the tenants; however, any appliance that breaks from careful use should be repaired or replaced by the landlord. If you use the landlord’s washing machine and it decides to sputter and die right in front of you, the contract should give you the right to request the landlord to pay for the repairs. On the other hand, if your child decides to put a wrench inside it or cut the wires with some scissors they found, the contract should specify that you will be replacing or repairing it. These are reasonable terms. If for some reason your landlord has not specified these in the contract, do NOT sign it until they do. If you sign a contract without these specifications in it, your landlord would legally be able to force you to repair any damaged item in the house! Once you’re confident that the contract is accurate and honest, you can sign it and prepare to move into your new home!