Negotiating rent can be difficult, especially for individuals; however, during a recession, you will find it much easier to accomplish. Take a peek at how much you are currently paying for rent, and then be prepared to implement a few tips and tricks to get it lower.

In order to do this effectively, you need to evaluate the apartment you live in. Is it managed by a company or an individual? Chances are if it is run by an individual person, you will be able to get a better deal.

The first thing to do now is to determine who to talk to. You do not want to waste your efforts on someone that is not authorized to legitimately lower the rent.

Once you have figured out how has the power to make or break a deal, you need to complete some research. Figure out what the current rent rates are and compare the apartments around yours to others nearby.

For example if rental rates have decreased, you can mention to the landlord or management company that you can easily find a new apartment at lesser rates than your current one. Even if it will take up some of your time, doing comparison shopping in other apartment complexes will give you the exact numbers that you can show on the negotiating table.

Also, you should tell them that the motivation for you trying to get a lower rent is that your financial position has changed. Emphasize what a good tenant you have been and how well you have maintained your unit.
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In doing this, you will show them that the best option for them is lowering your rent, rather than them having to find a new tenant. They know that this can be a time consuming and difficult process.

Lowering the rent for a good tenant is usually a preferable option to having a vacant apartment. In the end, it is better for both parties.

This writer has been writing about apartment rentals for the past seven years. Moreover, the writer is fond of writing about NYC real estate, like Battery Park City apartments in addition to Murray Hill apartments.

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