When you’re nearing the end of your lease, you have a few options as a renter. One of those options is renegotiating your lease with your current landlord. This is a daunting exercise for many but it doesn’t have to be if you prepare and develop a strategy. <\/p>\n\n\n\n
Chances are your landlord will take the opportunity to raise the rent by the allowable amount (1.5% for BC in 2022<\/a>). However, if you present your case effectively, they may reconsider. In this post, we’ll go over some of our top tips to make renegotiating your lease agreement easy and equitable.<\/p>\n\n\n\n \n1. It’s all about the timing<\/a><\/strong><\/p>\n\n 2. Research the rental market<\/a><\/strong><\/p>\n\n 3. Communicate with your landlord<\/a><\/strong><\/p>\n\n 4. Sell yourself<\/a><\/strong><\/p>\n\n 5. Push for a longer lease<\/a><\/strong><\/p>\n\n 6. Be willing to compromise<\/a><\/strong><\/p>\n\n 7. Show them the money<\/a><\/strong><\/p>\n\n 8. Negotiate non-monetary benefits<\/a><\/strong><\/p>\n\n<\/div>\n\n\n\n
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