Negotiating rental prices (as tenant)

(10 Posts)
Misty9 Wed 27-Feb-13 20:55:51

We've had some success with negotiating rental prices: paid £775 on property advertised for £795 when we offered 6 months up front. We have a cat and a baby, mess central! grin

Wrt how far in advance to look. Definitely no more than 1-2 months - but be careful leaving it too late - we're moving next week and got charged a 'speedy referencing fee' because we need to move in sooner than 10days shock so that made ref fees in total £350 shock for two of us. Plus £60 check in fee. Cheeky bastards ime, letting agencies.

Oh, and 75 days on market is a very long time - unless the availability date is far in future which can be difficult for lots of renters. I'd set up an alert in couple of months and just keep an eye on things.

CajaDeLaMemoria Wed 27-Feb-13 16:45:57

Yes, properties around here go for the asking price pretty much - we got £25 off per month and it was like getting blood from a stone.

It takes around 4 days from returning the paperwork to be referenced, and then you can collect the keys if everything has gone well.

OneLittleToddleTerror Wed 27-Feb-13 16:44:15

When I was renting it is at most a month or two ahead.

OneLittleToddleTerror Wed 27-Feb-13 16:43:28

Depends on where you are looking. I'm in the SE and I have never heard of rentals go under asking price. They are always rented out very quickly.

Mendi Wed 27-Feb-13 16:29:56

Thanks for all your helpful replies. We are a family (me and 2 pre-teen DCs) and I am a professional in full time employment so I would have thought quite a good prospect as a tenant. We have no pets and I don't smoke.

I have seen a couple of lovely-looking properties around the £1,800 mark that have been on Rightmove for over 75 days now. Is that quite long or normal?

The other thing is when to start looking. I would be wanting to move during August so I assume absolutely no point looking at anything before say late May? When is too early/how long does it take them to credit check you etc?

specialsubject Wed 27-Feb-13 13:46:25

same as buying, it is perfectly ok to make an offer. If you are the only prospect and they like you, it could well work.

landlords like non-smokers with no pets, who can pay the rent easily.

It depends on the market, your landlords, how quickly you can move in, if they regard you a good bet as a tenant, your references, your line of work. Landlords take all these things into consideration. Our last landlords accepted £300 pcm below asking price on the basis of my husbands good solid job and "job title" and that we could move in quickly (so the property was not empty at all)

Mandy21 Wed 27-Feb-13 12:54:50

It depends - have a look at the type of properties you prefer, watch how quickly they're let. Depends entirely on individual circumstances - how sought after is the property? How long has it been on the market? What kind of tenant are you? What can you throw in?

When we rented, the property was on the market for £1200 but it was late November (from memory) when it came onto the market. That is obviously not great timing for most people (and there was a possibility that the property might have been empty for a couple of months), but we were looking to move over the Christmas holiday. Also, we were a family (better than sharers) and offered to sign up for 12 months rather than 6 months (more certainty for landlord, no additional fees for landlord in paying agent for another set of tenants in 6 months time). Offered £1000 per month. LL said no originally, left it on the table and kept looking. They came back to us within a couple of days to accept it.

lalalonglegs Wed 27-Feb-13 12:42:28

I think it very much depends on the market there. Where I am in London, good rental properties go above asking price at the moment but the rental market is more changeable than the sales market so things might have calmed down in a few months' time. Certainly, as a LL, I would be willing to consider offers on a property especially if someone were to sweeten the deal by paying several months in advance of similar. I think you could look at #1700-1800 pcm, #2000 might be pushing it but, I'll say it again, it depends on the market.

Mendi Wed 27-Feb-13 12:26:08

Am hoping to move later this year and expect I will be renting for a while. Have never rented before so have no idea what is reasonable to look at. If my max. budget each month is £1600, should I be looking on Rightmove at properties up to £2,000 p.c.m and then hoping to negotiate downwards? Could I look at a property advertised for say £1,800 p.c.m. and hope to get it for £1,600 or is that completely unrealistic?

Please help, as I have no idea about the rental market at all. I need 4 bedrooms somewhere around Woking, on the Horsell/Pyrford side rather than the Brookwood/Pirbright side.

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