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Student Accommodation York: How to Negotiate Rent

Student Accommodation York

By Tessa youngPublished 9 months ago 3 min read
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In recent years, the price of renting student accommodation has increased. R Especially when you are looking for it in a place like York. It is hard to know exactly where prices will be this time next year. But it is likely they will be going to rise in the future. So, it is always best to get the right deal now. We have some assistance on how to start the subject of rent negotiation. You will never know, but this might save you a few extra quid every month. 

In recent years, the price of renting student accommodation has increased. R Especially when you are looking for it in a place like York. It is hard to know exactly where prices will be this time next year. But it is likely they will be going to rise in the future. So, it is always best to get the right deal now. We have some assistance on how to start the subject of rent negotiation. You will never know, but this might save you a few extra quid every month. 

Tips on how to negotiate your rent 

Do your research: Just like a job interview, go into this knowing as much about the student accommodation York as you can. You should be aware of the property value and what rent in the area goes for. Look for the different utilities that are included. It is also important that you find out how much utilities would be there in an apartment if it is not included and also look for the type of internet providers. Look into what the neighborhood is like. This is really important. The more you know about your lease, the better you will be able to know if the lease is ideal for you.

Know the market: While negotiating, you should know the market. Timing is really important. There are times when it is a buyer's market and the landlord have a number of empty units which they want to give on rent. If you book in that period then you can get a great deal. Then there are periods when the renters are knocking down the door to get the apartment and the landlord asks for an exorbitant price. Knowing when to negotiate the rent is really important to get the best deal. If you are negotiating a current lease, negotiate 2 to 3 months before the lease expires. 

Negotiate on extra services: If you come across a place that you find is amazing to leave but your landlord will not negotiate on the rent, then you can always ask for some extra facilities. For instance, if they do not provide any laundry service or maintenance service for free, you can talk to them and adjust that on the rent. So, you can save something at the end.

Always have a backup when negotiating: When the apartment falls through, you will be in a fix. Well, this is why you should constantly look for other studios up until your agreement is signed. The deal can call through right up until you have signed it. This way you will be prepared for the worst-case scenario. Maybe they will bend on something you need or they say they have found someone else.

Know what you want: If you are walking into a negotiation without a number, then how can you start negotiating with the landlord? It is your landlord's job to determine how much money you should charge each month in order to maximize their profits. That is why you need to know the exact number you want out of the rent negotiations. This number is going to vary from one person to another. This will depend on the place you are going to live. After all, a person living in San Francisco will want a different figure than someone who is in York. To help you find a good price, you need to do research and find the best deal. You can compare the average price of an apartment of your size in the city and neighborhood to your apartment. This will help you in determining a solid rent reduction percentage. Even if you lower the monthly rent by only 50 dollars a month, then you can simply save 600 dollars a year. 

Final Words

The other thing which you can negotiate for other the cash is the perks. You can include different perks such as free parking, partially paid utilities, guest parking passes, security deposit, waived pet fees, and so on. If you cannot get the exact rent you are looking for, you can negotiate on different facilities and save some money. When you know what you want, you can communicate it well and get it improved on the lease. 

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About the Creator

Tessa young

I am Tessa young working as a Digital Marketing Manager in University living. University Living is a student accommodation provider all over the world.

https://www.universityliving.com/united-kingdom/city/bangor

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