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The recession has hit many people hard and one of the toughest areas for people nowadays is rent. Frequently, people who have been laid off or have taken a pay cut will look to negotiate lower rent so they can survive.

How to go about in negotiating for a rent decrease depends on the housing market in one\’s area. It will also depend on the size of the apartment complex one is renting from. Generally speaking, smaller apartments where the landlords run the complex themselves are more flexible than apartments under a management company.

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.

After this, you should look around your area. Find out what the going rate is, as this will give you some power in the negotiations.

Rental rates rise and fall overtime, but in a recession period, the rates will be lower. This is your secret weapon when negotiating rent, for you can simply tell the landlord outright that you will have no difficulties finding a cheaper apartment. Be prepared with numbers on rates nearby, this will ensure the best deal possible.

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.

This simple story will show the landlord that you are a responsible tenant and that lowering your rent is their wisest option. If he or she does not, they will need to spend a significant amount of money and valuable time trying to find a new tenant – something that no landlord likes doing during a recession.

Negotiating with a current tenant that is responsible and always pays on time is a much more appealing option than trying to get a new one.

This individual has been providing advice on negotiation for the last three years. Furthermore, the author enjoys publishing articles regarding NYC real estate topics, including Battery Park City apartments along with apartments in Murray Hill.