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Most Landlords Would Lower Rent for Right Tenant

June 30, 2014 | Landlord News  

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Although competition for private rented accommodation is strong, one in ten tenants make the gutsy move of haggling with the landlord or letting agent on the advertised price, according to a Spareroom study. Each of them was found to save an average of £490 per year – a collective saving of £15.1m.

Of those tenants who managed to get their rent knocked down, 42% saved between £26 and £50 per month, while almost a quarter (24%) saved between £51 and £100 per month. The largest chunk of respondents (43%) said the lowered rent was a result of haggling, but a quarter (25%) simply offered a lower price and refused to negociate.

Being able to provide excellent employer and landlord references helped the cause, as did being flexible on the move in date. In a separate poll, it was found that 78% of landlords are prepared to lower the advertised rent if it means they have a good tenant who plans to stay for a long period, always pays on time, and doesn’t trash the property.

However, for most tenants (86%), price wasn’t the primary concern. Location (39%) and the standard of the property (22%) were the most important factors. Nearly a fifth (18%) though were most concerned about their housemates.

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