General Question

mirifique's avatar

It is possible to negotiate rent on an apartment after you have made the deposit?

Asked by mirifique (1511 points ) March 24th, 2009

I am planning a move to a new apartment, and have already signed the notice of disclosure and given the deposit. However, I am realizing I may have been a bit hasty in jumping on the offer without negotiating, as there are many vacancies in the area. So, my question is, is it too late to request a lower rent payment? Would I run the risk of the landlord getting peeved and rejecting my application altogether?

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10 Answers

swimswimswim's avatar

Have you signed the actual contract that says how much you should pay? If you haven’t I would still try to negotiate. If you have signed a contract, you can still try but I feel it will not be effective. Most importantly don’t be pushy. By just mentioning the idea your landlord won’t get peeved and you can tell his direction on the matter. Best of luck!!

Sueanne_Tremendous's avatar

Not in my buildings, unless you are willing to sign a longer lease with an escalator clause or do some major work in the unit at your expense. If you want to negotiate be willing to give something in return. Vacancies in the area are hardly a point a landlord will listen to after the lease is signed.

Hopefully Judy sees this…she has quite a few buildings.

mirifique's avatar

@swimswimswim The disclosure notice does indicate the amount of monthly rent. But the actual lease has not been signed meaning I would forfeit the deposit if I backed out, but nothing more.

Sueanne_Tremendous's avatar

ahh…a different kettle of fish. No lease, then negotiate.

swimswimswim's avatar

@mirifique Then I would try it. The worst that could happen is a no answer.

mirifique's avatar

@Sueanne_Tremendous and @swimswimswim But there is that pesky Disclosure Agreement, which is purportedly a legal document. Still go for it? Maybe I should wait until after my application is accepted—that way they would be less likely to retract it for “good cause” etc.

basp's avatar

Anything is possible if both parties agree to it. I would approach him in a nonthreatening way and ask him with the ndedstanding that you may not get what you want.

DrBill's avatar

You can, but you are risking losing your deposit if you don’t take the unit. At this point you should have a reason for asking for the reduction

cwilbur's avatar

You can always ask. Unless you have another apartment lined up that you’re willing to take, though, you’re unlikely to have enough leverage to successfully negotiate.

Handlord's avatar

It’s a little late for negotiations on the lease agreement, unless you’re willing to offer something in return. It’s worth a shot to still try and negotiate, but you’ve already shown your hand, so at this point you may have to offer to do a little work around the property, or sign a longer term lease agreement, to try to induce the landlord to take less rent.
Best of luck, and the more creative your approach, the better.

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