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Old 09-12-2009, 05:04 AM
 
6 posts, read 10,706 times
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In the current economic environment I'd like to know what is the margin of negotiation for a rent. Is asking a 10 to 20% discount reasonable?

In my case it could be that my company would be directly paying the rent. Being a well-known company, would this be an incentive for the landlord and hence increased the possibilities of negotiation?

Also related to the brokers, if they get a fee based on the actual rental price, he might just not be very interested in reducing the price....is this correct?

Thanks for your help
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Old 09-12-2009, 03:54 PM
 
Location: Confines of the 101 Precinct
25,302 posts, read 38,792,045 times
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if you're not paying the rent why would you negotiate for cheaper? its not coming out of your pockets...
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Old 09-13-2009, 07:27 AM
 
Location: NY,NY
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It may not be coming out of his pocket, but it is a part of his compensation, and any right thinking manager would look at the costs associated with his employment. Rising cost may effect his remuneration and/or his position directly.

Otherwise, why not go out and rent something for 50 grand per month?

Also, I suspect the OP might want to keep the apartment when or if his employment ceases.
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Old 09-13-2009, 12:18 PM
 
Location: Confines of the 101 Precinct
25,302 posts, read 38,792,045 times
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50 ,000? That's it? I thought most companies capped their housing allowance at 75K a month.

In this day and age where some people have to pay thousands of dollars for health insurance, he should be lucky that he is getting a housing allowance. So take as much as you can get
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Old 09-14-2009, 09:22 PM
 
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I'd have to imagine his company capped his rent. So, he might have a $2k/month budget and he might want to know if he should be looking at places advertised for, like, $2k or more like $2400 or so. It's a reasonable question.

I'd say search in the 10-20% range above what your company will pay. If you like a place, tell the LL/Broker/whoever that your company will pay for $X and not a penny more. If they say "yes", great! If they come back with something close to that number, you might want to just pay the extra $50-100/month on your own.
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Old 09-15-2009, 12:49 AM
 
6 posts, read 10,706 times
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Indeed what my company will pay is capped and what i want cost approx 25% more, hence the question about negotiation.

Will the broker help to negotiate?

Thanks
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