Tenants are continuing to look for affordable homes in the UAE or move to spacious units during the Coronavirus pandemic. The first quarter of 2021 indicates some signs of stability in rentals rates. This makes it important for the tenants to put their demands before the landlord adequately.
Here are five techniques to get a good home rental deal from your landlord
Start a constructive conversation
Never be argumentative or give ultimatums and especially don’t have an ego clash when you want to negotiate for the rent, says Gaurav Aidasani, managing director of Union Square House. “You must understand that many landlords would have this as their only investment unit with their life savings invested. Understand this factor and lead your conversation based on these factors. Also, you must see who are you speaking with – is it the landlord directly or the property agency? In either case, it requires different methods of deliberation.”
“Never wait for the last minute and always start your negotiation at least 120 days before your renewal. In Dubai, there is usually a three-month rule of giving notice for non-renewal, so keep that in mind. If the situation allows it, try to negotiate in person, or tthrough a video call. If that also not possible, then a phone call, email or a WhatsApp will do, but try to keep it personal.”
Go with realistic expectations
Know what you want before you approach the landlord. Aidasani says, after doing a thorough comparative market analysis of the units in your area:
● Set a realistic expectation.
● Be prepared to hear a yes, maybe and a no as well.
● Remember this rule, aim for more than you expect to receive, then meet somewhere in the middle.
● Have screenshots of listings of similarly priced units listed on the various portals to present them to your landlord.
Ask for payment flexibility
If your landlord is unwilling to negotiate on rent, you can negotiate on the payment mode or number of cheques. Rakesh Mirchandani, co-founder and CEO at KGR Real Estate, says nowadays flexibility of payments is the norm. Four cheques or even monthly payments are generally achievable.
“The landlords accept the option of monthly payment because their property gets rented and, at times, this offers the prospect of higher rent. Here, the landlords do their due diligence on the…