New Year, New Lease
Time is Money!
At this time of year, its not unusual for us to receive calls from tenants in need of help with an imminent lease renewal or rent review. They are in a panic: the landlord’s notice was received sometime last year and then buried under a pile of paper or left hidden amongst emails in their in-box. There were good intentions to handle it later – or at least after the Christmas and New Year festivities.
The only problem is that if your landlord has decided to increase your rent (which, in the current market, they often do), there is not much you can do about it unless you have left ample time in which to negotiate. And by ample time, I mean no less than 9 months. This and the services of a professional to negotiate on your behalf, will without doubt give a boost to your cash flow.
Rental increases do happen, but paying what is initially asked for, is not the only option. Make sure you are getting the best possible deal and if you are not sure how to do that, I’d be more than happy to help.
Mike Gray MRICS