A lot of tenants chance this to see if you will move. No loss to them if you say no.
If their financial situation is dire, it would be wise to see some proof of this. That being the case, it's up to you to decide if it's genuine or not.
Being a landlord is a business at the end of the day.
Would you rather your tenant to have to make cutbacks, or you?[/quote]
Are these general observations about not reducing rent, or specifically because there is 7 months still to run on the lease both parties willing agreed to? Hopefully the latter, because everything you have said could be quite easily turned on its head otherwise - the landlords mortgage is not the tenants problem, equally the profitability of the landlords 'business' is of no conern to the tenants.
I've had tenants ask for a reduction before they moved in which I agreed to. Due to the current economic situation I am expecting more requests including for sitting tenants to which I will probably agree. It's tough out there and I'd rather have my rent on time, plus good tenants staying, than lose them and face the prospect of trying to pick good one's again plus having a vacant period. I personally would not ask a tenant for proof of their straightened circumstances as I think it's fairly obvious in Ireland right now anyway.Has any Landlord been asked to reduce rent during a one year lease? (5months in this case) Tenants are having difficulties with the current downturn.
If so how did you deal with this request? Or how would you deal with it if asked? Is there any good reason why I should reduce the rent?
...
Also, I still feel that asking them to do some work for you in the house, in liu of reduced rent is fair. Thus, they get something they want and you get something you want, which is good for both parties....
I don't think thats a great idea unless you are sure of the standard of the work they will do. Some bad DIY or painting will be more trouble than its worth.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?