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Appropriate rent reduction

Started by Renter_18
over 7 years ago
Posts: 2
Member since: Sep 2011
Discussion about
My lease is coming up for renewal. Landlord want to raise by 3% but recent Elliman report shows Queens average rent is down 7% vs last year. What do you think is the appropriate amount to ask for: 3% down, 5% down? I doubt he would go for the full 7% down. Anyone currently negotiating their lease renewal? Please share the experience.
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