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Haggle On The Rent


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I manage a property with an aga. It does the cooking, provides background heating and all the hot water. The hot plates are extremely hot as is the hot oven. There are 3 other ovens, one of which is just for keeping things reasonably warm. It heats a huge amount of water and dries all the clothes etc. Its great for cooking on.

It costs a bloody fortune to run and is very bad environmentally.

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I have just secured a rental on a 5 bed detached house, huge garage, nice garden. nice area for 800pcm. originally on for 1250 pcm but dropped to 950. I haggled down to 800 by spelling it out. "ill give you 800 and thats the lot"

The letting agent seemed to make a pigs ear of listing it on the net and it was really hard to find. It was for sale, but they have taken it off the market. The only easy way to find it was to look at the site of the ea selling.

The letting agents site had featured properties on the front page- a different one each time I checked. On of these properties was our new house, but strangely we couldnt find it anywhere else on the site. I had to refresh the page, making a different featured property appear untill I found the right one!

Just shows how an error can leave a house languishing on the market for ages, leaving an opening for a tight arsed bast like me to get in.

Haggle on that rent...

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I just negociated the rent down from £400 asking to £380 on my new place... was previously let for a year+ at £475, and the woman who owns it bought it for £145k in 2004. Thats gotta hurt for her (knock £80 off that rent for service charges to get her actual return before repairs)!

Place needs a lick of paint but only about a weekends work for me to do myself.

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I rent in a largely student area. I try to time my moves for just before the start of the university year. I take down details of everything that may be suitable and arrange to see the most promising sounding 20 or 25. There's usually 4 or 5 which I'll shortlist and try to get the best deal on.

I make sure that landlords see that I have a long list of property when I view and at best look slightly positive about a place. I try to arrive early to chat to passing neighbours about the landlord and previous tenant history. I always have a roll of crisp notes to show when it comes to discussing money. Landlords will often sell themselves short to get their hands on that pile of folding stuff if you dangle it in front of them.

My main play is that it's now so close to the start of the academic year that if they don't accept my offer there's a good chance the property will remain empty until at least Christmas and maybe beyond. Then I suggest a cheaper monthly rent if I pay my rent 2 months in advance. Landlords in student areas like this as they're used to having the hassle of chasing people who are behind on the rent. My last ploy is to multiply a weekly rent by 4 to arrive at a monthly rent. It's amazing how many people don't realize there's 4.33 weeks in a month.

eg Landlord wants £160 per week initially, mention £140 or his house is empty for longer, how about £130 but 2 months in advance. Cool, a deal so that's £520 per month then isn't it?

Edited by LeeT
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  • 4 months later...

Proof of why you should haggle on the rent - a PropertyBee oops..!

http://www.rightmove.co.uk/property-to-rent/property-10294938.html

13 October 2010

* Price changed: from '£1,250 pcm' to '£1,400 pcm'

* Status changed: from 'Not Listed' to 'Available'

14 August 2009

* Agents Telephone changed: from '08453473515' to '08453033195'

* Status changed: from 'Available' to 'Not Listed'

08 April 2009

* Price changed: from '£1,300 pcm' to '£1,250 pcm' [Found by n/a]

11 March 2009

* Price changed: from '£1,550 pcm' to '£1,300 pcm' [Found by n/a]

20 January 2009

* Price changed: from '£1,700 pcm' to '£1,550 pcm' [Found by n/a]

09 December 2008

* Subtitle changed: from '4 bedroom detached' to '4 bedroom detached house ' [Found by n/a]

17 November 2008

* Initial entry found. [Found by n/a]

Edited by schmunk
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In the current market I would definitely make an offer if I was renting a property.

The landlords have a choice - accept a low offer or let the property sit empty for months on end.

It's not the tenants fault if the landlord has overpaid for the property.

If they won't budge then just walk away.

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In the current market I would definitely make an offer if I was renting a property.

The landlords have a choice - accept a low offer or let the property sit empty for months on end.

It's not the tenants fault if the landlord has overpaid for the property.

If they won't budge then just walk away.

That depends where and what you are looking at

In general, standard 2 bed flats in the SE usually rent by the end of the week and making offers results in a "no"!

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That depends where and what you are looking at

In general, standard 2 bed flats in the SE usually rent by the end of the week and making offers results in a "no"!

I agree: flats are renting like hot cakes at the moment in the SE and some landlords are feeling confident enough to make small rent increases. The market reviews by the NLA show the BTL mortgage market is steadily improving and rents are rising. However I suspect a lot of landlords are still nervous that the current good times won't last - there's job losses, possible falling capital prices and interest rate rises in the pipeline.

Gross returns in my area (Reading) are about 5.5% on flats, which from the private landlord's point-of-view is a relatively poor rate of return, given that he or she supplies their time and labour for free, gets no return on the embedded capital value in the property (if any), and bears all the risks such as damage to the property, voids, tenant misbehaviour and so on. A 5.5% return also means that once interest rates rise again, a lot of landlords on variable mortgage rates are going to struggle with their cashflow. Far from rent being a waste of money as it's "paying someone else's mortgage", if it's not even covering the mortgage interest + maintenance costs, then the tenant is getting a great deal because the landlord will effectively be subsidising them.

I write as someone who used to be an investment landlord but got out because the returns were so poor; I now rent a house myself and all my properties are development or renovation sites.

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In the past I used to just pay the asking price and wouldn't haggle much.

Now a lot of landlords are desperate and are looking at a choice between empty property or reducing prices.

I would definitely use the carpet bombing method as the poster above recommends.

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It depends on the rental market in your area.

I managed to get mine down from 700 to 650 by agreeing to a 12 month contract. Its still 650 two years on and I am free of contract.

Basic economics. If the landlord can let it out straight away for 650 its better than waiting two months for 700. Be careful as rent can be put back up at the end of the initial contract when you are settled. You have to remain strong at this point and call your landlords bluff. B)

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You should always try to haggle for anything within reason IMO (ie. Haggling over the price of a Mars bar is a bit much). Do note that when it comes to renting it works both ways. Landlords, expecting prospective tenants to possibly haggle may purposely overprice their properties. That's what we did, listing £25/wk over what we'd like and £50/wk over what we'd take if it took longer than a month to get a good tenant. We had multiple offers at £25/wk under list and it eventually rented to a corporate for list (12 month contract with guaranteed increases for if they extended for a second or third year with rental paid 3 months in advance). This is in West London Zone 3.

Never pay list unless you have to but don't automatically assume the landlord is out of pocket for giving you a "discount" either.

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I can't imagine there's a bidding war going on for rentals in most of the UK.

cornwalls apparantly getting like this but thats according to estate agents i know who say they get as many people to look and make an offer and then they tell them all they need to bid higher as one person already has............nice humans and they then work it until they get a nice higher offer.

So thats the business now......Take a family with anxiety trying to find a home and probably in debt as most normal people in the uk are and then squeeze them more and get them competing with other families.Just want you think estate agents couldnt get any lower down the food chain they do.

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Just got a significant reduction.

Rachman and Mrs Rachman (both teachers) wanted to up our rent. I had to cause a bit of upset and stamp my feet. Mrs Rachman left in tears and we had knocked £150 a month of the rent - now £500!

This is not a normal case though. They didnt sort the house out before we moved in, the inside was like a building site, outside was overgrown and needed painting. We've put in a lot of work to sort stuff they promised would be done before we moved in, and then later promised would be done soon after we moved in.

I think she's got a f_cking cheek starting to cry because the uppity tenant didnt want to open his wallet and give her whatever she demanded. Apparently i was supposed to feel sorry for her, she gave a "we're hard up" speech, even though they both teach, they have 4 houses and 3 cars!

It angered me that before coming round she had spoken to a friend who is leaving her husband and taking the kids - apparently she offered to pay more than we had been paying and for a longer tenancy. The thought of funding a HB claim to outbid me on my own home....... aaaaargh!

Anyway, the pair of them are complete f_cking amateurs, i havent done with them yet. When we are close to being ready to move out I will educate them on the landlords responsibilities under the Localism Act (2011). They will really squeal about being hard up before I've finished with them.

Edited by Caveat Mortgagor
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Just got a significant reduction.

Rachman and Mrs Rachman (both teachers) wanted to up our rent. I had to cause a bit of upset and stamp my feet. Mrs Rachman left in tears and we had knocked £150 a month of the rent - now £500!

This is not a normal case though. They didnt sort the house out before we moved in, the inside was like a building site, outside was overgrown and needed painting. We've put in a lot of work to sort stuff they promised would be done before we moved in, and then later promised would be done soon after we moved in.

I think she's got a f_cking cheek starting to cry because the uppity tenant didnt want to open his wallet and give her whatever she demanded. Apparently i was supposed to feel sorry for her, she gave a "we're hard up" speech, even though they both teach, they have 4 houses and 3 cars!

It angered me that before coming round she had spoken to a friend who is leaving her husband and taking the kids - apparently she offered to pay more than we had been paying and for a longer tenancy. The thought of funding a HB claim to outbid me on my own home....... aaaaargh!

Anyway, the pair of them are complete f_cking amateurs, i havent done with them yet. When we are close to being ready to move out I will educate them on the landlords responsibilities under the Localism Act (2011). They will really squeal about being hard up before I've finished with them.

Fair play, but I'm amazed you got a reduction in the face of the other potential tenant being lined up- was it an empty threat on their behalf? Amazed that they thought a hard luck story would wash, I presume they asked you if you were hard up prior to proposing an increase....? Thought not.

Please elaborate on the Localism Act (2011), if you don't mind!

The place I moved into is great now but I had to sort some stuff out myself, the rubbish bins were full, and there was excess which wouldn't fit in, not to mention a filthy wheelie bin to boot. Not very nice.

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Tried haggling with the LL for current place I'm moving into. Wouldn't budge.

Did try 3 other places all the same scenario.

Was worth a go though, and when speaking to the landlord for the property I ended up paying asking price for; he said he didn't mind and would have tried the same in the reverse situation :D

On upside where I am. No letting agent fees; nothing. Just had to pay a bank reference fee (£8.68 - random number!) and thats it. Then Paid to the Estate agent rent/deposit.

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Please elaborate on the Localism Act (2011), if you don't mind!.

Sorry for the delay, only just seen this.

Localism Act is a separate matter, LL hasn't protected our deposit, Localism Act means I can ask for my deposit back and put in a claim for up to 3 times the size of deposit! (Deposit was £900)

I am keen to get cracking with this, but Mrs Caveat wants to wait until the time we are moving out as she doesnt want to increase the bad feeling whilst we are living here.

As for the other tenant lined up, they would have to evict us first, and I knew they couldnt do this without protecting our deposit.

We now have a tenancy for the lower amount for 6 months. We havent discussed it, but i get the impression they think we will agree to putting the rent back up in 6 months time. It simply isnt going to happen. If we are still there we will go periodic, knowing they cannot serve a section 13 (to force an increase in rent) until at least 12 months, and they cannot section 21 us for eviction until the deposit is protected (and any fines due under localism act have been paid to us)!

Like i said in my previous post, these people are complete f_cking amateurs and they have annoyed me - I hope to do enough to persuade them to give up rentierism.

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Just read through the entire thread... I feel like I'm ready to go out there and get myself a place! Thanks to all of you who gave their input... Cheers.

Good luck. :)

I'm looking to move to a place closer to work once I return from my holiday next month and would also like to haggle. Not sure if I'll be lucky as demand for rentals is high in my area.

Last week in my work break I phoned up and left a message about a place up for rent from July. Although they tried calling me back after I went back to work, no message was left and no attempt to contact me again was made, save for a new rental that was available immediately. I did tell them that I would not be able to move until the end of June. :rolleyes:

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Is there an upper limit on what to ask off?

I'm now going to park my house buying plan until the new year to assess what the 'bubble' is saying. Part [most] of this is because of what information I've read on here.

I'm looking around London Bridge as I figured I could rent for 6 months and then re-assess the situation come March.

I've seen places for around £400pw for a one bed which is too expensive for me. Having said that a fair few are available immeadiately. With that in mind, if I use something like property bee to ascertain how long they have been vacant for, is it possible (or unheard of) to ask for that same place at £300pw?

I don't know what other costs I have to factor in but with take home pay of 2k £1200 pcm seems ok. At least I'll be living in the place I'll never be able to afford to buy!

What other charges am i missing here? Agency fees, are they one off? Council tax/bills. Am I being naive?!

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Is there an upper limit on what to ask off?

I'm now going to park my house buying plan until the new year to assess what the 'bubble' is saying. Part [most] of this is because of what information I've read on here.

I'm looking around London Bridge as I figured I could rent for 6 months and then re-assess the situation come March.

I've seen places for around £400pw for a one bed which is too expensive for me. Having said that a fair few are available immeadiately. With that in mind, if I use something like property bee to ascertain how long they have been vacant for, is it possible (or unheard of) to ask for that same place at £300pw?

I don't know what other costs I have to factor in but with take home pay of 2k £1200 pcm seems ok. At least I'll be living in the place I'll never be able to afford to buy!

What other charges am i missing here? Agency fees, are they one off? Council tax/bills. Am I being naive?!

Possible, but unlikely to be successful in my opinion. The longer something has been on the market the more likely the landlord is going to be wanting to recover the losses they have been incurring.

The worst that can happen is they say no.

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