{"id":5593,"date":"2016-04-21T02:11:32","date_gmt":"2016-04-20T18:11:32","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=5593"},"modified":"2024-11-14T15:56:40","modified_gmt":"2024-11-14T07:56:40","slug":"landlord-raises-the-rent","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/landlord-raises-the-rent\/","title":{"rendered":"Negotiating your lease with ease: What to do when your landlord raises the rent"},"content":{"rendered":"
<\/div>

As spoken by Forest Gump, \u201cLife is like a box of chocolates; you never know what you\u2019re going to get.\u201d Inevitably, change will catch us off-guard, say, for example, when your landlord raises the rent by a substantial amount.<\/p>\n

Suddenly, you face a dilemma; on one hand, you are unwilling (and often unable) to fork out the additional cash per month. On the other, you face the prospect of revisiting the arduous process of searching for another suitable abode, engaging in intense negotiations, moving, and settling down again.<\/p>\n

There is a third alternative that you can pursue; reaching a compromise with your landlord. Of thumb, landlords cannot increase the rent until your lease expires and will choose to do so either when your lease is about to end or has expired. Also, most times, landlords would rather keep an existing good tenant whom he\/she has a good relationship with rather than get a new one, as it translates to less paperwork and no period of vacancy.<\/p>\n

So, instead of lamenting the fact that your landlord does not have your best interests at heart, it pays to develop an excellent strategy and gain an upper hand during the negotiation process.<\/p>\n

    \n
  1. \n

    Emphasise your stellar track record<\/b><\/h3>\n<\/li>\n<\/ol>\n

    Sometimes it helps to boast about one\u2019s self. Build your case and convince your landlord that you are a committed tenant by reminding them of the timely payments you\u2019ve made, maintenance of the cleanliness of the unit and general adherence to whatever rules he or she might have communicated to you.<\/span><\/p>\n

    If you already have an amicable relationship with your landlord, you can even take it a step further by sharing how you view the unit as your home away from home, and truthfully explain why you simply cannot afford to accept a higher rental price. \u00a0<\/span><\/p>\n

      \n
    1. \n

      Support your argument with data\u00a0<\/b><\/h3>\n<\/li>\n<\/ol>\n

      If your landlord appeals to logic rather than emotion, then use facts to support your claims. Remember that it is to your advantage that the current rental market is not doing well. With rental prices experiencing a decline over the few quarters, it is crucial that you do your homework and present your findings as evidence to illustrate that you can easily find another rental apartment in the same vicinity at a much lower rental price.<\/span><\/p>\n

      Currently, you may also persuade your landlord to sign a longer lease term (2 years and more) to safeguard both your interests. For you, the rental price will be fixed over the pre-determined period, saving you the hassle of re-negotiating with the landlord annually.<\/span><\/p>\n

      For the landlord, he or she can be assured that their apartment will continue to yield income despite the slowdown in the property market.<\/span><\/p>\n

      \"Negotiation-rental-landlord\"
      What to do when your landlord raises the rent?<\/figcaption><\/figure>\n
        \n
      1. \n

        Reach a middle ground<\/b><\/h3>\n<\/li>\n<\/ol>\n

        If your landlord is still fixated on raising the rent, it is wise to make a list of improvements that you wish to see for the rent hike. For example, you can request that your landlord compensate you by replacing old and worn out appliances or installing new ones such as a dryer in the laundry area. If he fulfils your wish list, it will still be a win-win situation for you.<\/span><\/p>\n

        Alternatively, you can also request for the new rate to be implemented in the latter part of the year when you will receive a pay increment or bonus. Landlords prefer certainty in their transactions and are to give you more time to prepare your finances if they are given a definite time frame and assurance that you will renew the lease.
        \n<\/span>
        \nRemember that the ultimate aim of negotiations is to reach a settlement where both parties benefit. Obviously, it is necessary that you do not push your landlord too far, especially if you are still planning on staying on the property!<\/span><\/p>\n

        Check out other rental related articles here: Renters now enjoy cheap rental prices in Singapore \u2013 here\u2019s why<\/a> and\u00a0Property agent commission in Singapore: How much should I pay?<\/a><\/p>\n

        Find the rental home of your dreams today at Singapore\u2019s largest property portal 99.co<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

        As spoken by Forest Gump, \u201cLife is like a box of chocolates; you never know what you\u2019re going to get.\u201d Inevitably, change will catch us off-guard, say, for example, when your landlord raises the rent by a substantial amount. Suddenly, you face a dilemma; on one hand, you are unwilling (and often unable) to fork…<\/p>\n","protected":false},"author":24,"featured_media":54246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53589,57131,53590],"tags":[53716,53983,53594,53611],"persona":[57125,57127,57126,57128],"class_list":{"2":"type-post","18":"entry","19":"has-post-thumbnail"},"acf":[],"yoast_head":"\nWhat to do when your landlord raises the rent<\/title>\n<meta name=\"description\" content=\"Avoid paying more with these tips - 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