We were forced into this situation a year ago as we had to move due to my husband's job changing. The housing market of the area we left was and still is stangnant. So, we got tennants in for a year and we're renting a house in the area to which we moved. We're planning to rent the house out for another year at least.
Our tennants have asked for a 6% reduction in rent. They claim to have found a cheaper house they are happy to move to. We've gone back with an offer of a 3% reuction but they are holding out for 6%. There's very little advertised for rent where our house is. I can only guess that our tennants are happy to move to a cheaper area. Rental prices have dropped considerably more in this area where we now live. The market is saturated with rental properties. Is it out of order to ask our landlord to reduce our rent in line with what we will have to reduce ours to keep our tennants?
I'm so new to all this, I don't know what's normal. What's the etiquette? I don't want to piss my landlord off, he's been really good. They're people who are in the same position as us - they had to rent their house out because they needed to move for new jobs and could not sell their house.
Argh! I hate being in this situation. Please help advise me if you can.
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Coming to the first year of being a landlord and a tennant. Our tennants want us to reduce the rent. Can we ask our landlord to reduce our rent?
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CanvasBags · 08/06/2009 11:34
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