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Press Article

LONDON LITE - Wednesday, July 8, 2009
by Jessie Hewitson

As rents plunge, tenants trade up

Tips for negotiating a lower rent, by Jo Eccles, of buying agency Sourcing Property.

Do your research — are there other flats also available for rent in the building? Use this as ammunition when negotiating.

Consider committing to a longer tenancy. A lot of landlords are favouring longer-term tenancies.

Try to accommodate the landlord with your move-in date — no landlord likes a void period.

If you’re past the break clause in your existing tenancy, try to renegotiate a lower rent. Landlords often pay a smaller fee to the agent when a tenant renews, compared to letting to a new tenant.