Rent Reduction Negotiation Letter

Rent Reduction Negotiation Letter

Letters Kate

If someone wants to live a financially stable life, the amount he spends on housing should be one-fourth of his total monthly income. If this is the case, a healthy and financially stable life will be possible. Unfortunately, many people pay more than what they earn, and therefore, they always find it hard to make ends meet. In that situation, they can request the landlord to reduce the rent.

What is a rent reduction negotiation letter?

People write this type of negotiation letter to the landlord when they want to get a reduction in the rent. The purpose of writing this letter is to persuade the landlord to agree to reduce the rent. It is not easy to write this letter because it requires the tenant to have a tone and choice of words that can convince the landlord to reduce the rent.

Why do people write a request letter to reduce the rent amount?

At times, people also write this negotiation letter because earlier, they were paying it easily, and now, due to unprecedented circumstances as a result of COVID-19, they are unable to pay due to financial setbacks. This letter helps them get back on track when they don’t have to pay a lion’s share of their salary to pay the rent. Once they are out of this instability, the reduction is reversed, and they start paying the full rent again.

Tips for writing the negotiation letter for rent reduction:

Keeping the lease rules in consideration, chances are you will see a rise in the rent amount at the end of the lease. When you see that the lease is ending and your financial situation does not allow you to pay the higher rent, you are left with two choices: asking the landlord to reduce the rent, not renewing the lease, and moving to the new apartment.  The first option seems to be more feasible, and therefore, you need to know some essential tips to follow:

  1. You should politely ask the landlord to reduce the rent. Don’t think that it is the landlord’s responsibility to do it. So, keep your tone polite and talk to your landlord nicely.
  2. You know that it is important for you to share your financial hardships. When you have no option but to request the landlord to reduce the rent, you need to do it in the right way. Don’t try to be overdramatic while talking about the financial crisis you are getting into.

Sample letter:

Date:

Details of the landlord
Name
Contact details
Address.

Details of the tenant
Name

Contact details
Address.

Subject: Negotiation for a rent reduction

Dear Mr. ABC,

I have been living with my family in the house whose address is mentioned above for more than five years now. I am so happy in this house because we enjoyed the very quiet location and friendly neighbourhood.

I have been paying you 500$ rent each month, and you know that there has never been a delay in the payment of rent. Now, I am going through an extremely bad time. My life is in a severe financial crisis, and I find no way to escape from it. My wife and I are both working and trying to bring our life back to normalcy. However, things seem to be out of control at this point. I would like to request that you reduce the rent that I have been paying you every month.

I cannot force you to reduce the rent, but this is my humble request. If you don’t reduce the rent, I will have to move to an apartment with reduced rent. Before I make any decision, I have decided to formally ask you to consider my request.

We would be willing to sign the lease agreement for the lease renewal if you agree to reduce the rent by 100$.

I hope to hear from you soon about this letter. Thank you in advance for considering it.

Regards,

Sincerely

Signatures of the tenant

________________________


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