Actionable Thinking

When the Rent is Too High


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When the Rent Is Too High

https://www.kiplinger.com/personal-finance/inflation/604501/what-to-do-when-the-rent-is-too-high


Laws

Check your local rent control laws to see if an increase is compliant


Financial Aid

Some local institutions might offer rental assistance programs


Negotiate

On this point , remember to be respectful, professional and punctual to your landlord or leasing agent.

Try to negotiate before the lease expires to avoid desperation.

Rent increases arent necessarily built in stone. A former research of comparable data in your city might be an acceptable source for your landlord (Zumper and other real estate sites like Zillow, Redfin and Rent.com). Possible negotiation strategies are

- Adjusting date when rent is due

- Split into multiple payments per month

- Repayment plans

- Price reduction on renewal

- Prepay several months

- Lower price for longer lease


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Actionable ThinkingBy la rry