--- title: How to Approach and Win your Next Lease Renewal Negotiation description: If you're looking to get the most out of your apartment or home's next lease renewal negotiations, make sure that you consult these savvy and helpful tips! image: https://blog.sdnyrealty.com/hubfs/Blog_Images/Lease%20Renewal.jpg --- - [Pay Rent](https://sdnyrealty.com/pay-rent/) - [Forms](https://sdnyrealty.com/forms/) -   [![S&D Commercial Real Estate Agency](https://blog.sdnyrealty.com/hs-fs/hubfs/S__D_Real_Estate_January2019/images/sd-original-logo_300px.png?width=300&height=194&name=sd-original-logo_300px.png "S&D Commercial Real Estate Agency")](https://sdnyrealty.com/) - [About](https://sdnyrealty.com/long-island-commercial-real-estate-firm/) - [Agents](https://sdnyrealty.com/long-island-real-estate-agents/) - [Listings](https://sdnyrealty.com/property-listings/) - [Property Management](https://sdnyrealty.com/property-management-company/) - [Resources](https://sdnyrealty.com/real-estate-resources/) - [Neighborhood Guide](https://sdnyrealty.com/neighborhood-guide/) - [Long Island](https://sdnyrealty.com/long-island-commercial-real-estate/) - [Nassau County](https://sdnyrealty.com/nassau-county-commercial-real-estate/) - [Bethpage](https://sdnyrealty.com/bethpage-commercial-real-estate/) - [Farmingdale](https://sdnyrealty.com/farmingdale-commercial-real-estate/) - [Franklin Square](https://sdnyrealty.com/franklin-square-commercial-real-estate/) - [Garden City](https://sdnyrealty.com/garden-city-commercial-real-estate/) - [Glen Cove](https://sdnyrealty.com/glen-cove-commercial-real-estate/) - [Hempstead](https://sdnyrealty.com/hempstead-commercial-real-estate/) - [Hicksville](https://sdnyrealty.com/hicksville-commercial-real-estate/) - [Long Beach](https://sdnyrealty.com/long-beach-commercial-real-estate/) - [Mineola](https://sdnyrealty.com/mineola-commercial-real-estate/) - [Rockville Centre](https://sdnyrealty.com/rockville-centre-commercial-real-estate/) - [Suffolk County](https://sdnyrealty.com/suffolk-county-commercial-real-estate/) - [Babylon](https://sdnyrealty.com/suffolk-county-commercial-real-estate/babylon-commercial-real-estate/) - [Brookhaven](https://sdnyrealty.com/brookhaven-commercial-real-estate/) - [Hauppauge](https://sdnyrealty.com/hauppauge-commercial-real-estate/) - [Huntington](https://sdnyrealty.com/huntington-commercial-real-estate/) - [Islip](https://sdnyrealty.com/islip-commercial-real-estate/) - [Melville](https://sdnyrealty.com/melville-commercial-real-estate/) - [Riverhead](https://sdnyrealty.com/riverhead-commercial-real-estate/) - [Smithtown](https://sdnyrealty.com/smithtown-commercial-real-estate/) - [Southampton](https://sdnyrealty.com/southampton-commercial-real-estate/) - [Consulting Services](https://sdnyrealty.com/consulting-services/) - [Property Appraisal Services](https://sdnyrealty.com/property-appraisal/) - [Zoning Regulations](https://sdnyrealty.com/zoning-regulations/) - [Forms](https://sdnyrealty.com/forms/) - [Veterans & Military Housing](https://sdnyrealty.com/veterans-military-housing/) - [Join our Program](https://sdnyrealty.com/veterans-military-housing/#apply-now) - [Forms & Applications](https://sdnyrealty.com/forms/) - [Pay Rent](https://sdnyrealty.com/pay-rent/) - [Blog](https://blog.sdnyrealty.com/blog) - [Contact](https://sdnyrealty.com/contact/) # How to Approach and Win your Next Lease Renewal Negotiation - October 18, 2017 - [leasing tips](https://blog.sdnyrealty.com/blog/topic/leasing-tips), [Renting](https://blog.sdnyrealty.com/blog/topic/renting), [Leasing Apartments](https://blog.sdnyrealty.com/blog/topic/leasing-apartments), [rental property](https://blog.sdnyrealty.com/blog/topic/rental-property) - 0 ![How to Approach and Win your Next Lease Renewal Negotiation](https://blog.sdnyrealty.com/hubfs/Blog_Images/Lease%20Renewal.jpg) As your [lease](https://blog.sdnyrealty.com/blog/triple-net-lease) comes to an end, you must decide whether or not you’re going to renew for a longer period of time. If you’re like most renters, that decision will depend on a multitude of factors. In the case that a monthly rent increase is out of your means, you should not have to abandon an apartment or home that you love just like that. You must first learn how to approach your next lease renewal negotiation like a professional! ## A Beginner’s Guide to Lease Renewal Negotiations ### Start Early One of the best ways to get the right price on your next lease renewal is to start as early as possible. A few months before you even need to decide, ask your landlord or property management company what you can expect your rent increase to be. After all, you will need to begin a new [apartment](https://blog.sdnyrealty.com/blog/apartment-lease-agreement/) search months before your lease is up. Their eventual response, whether good or bad, should leave you with more than enough time to negotiate the price a bit. ![Lease Renewal](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/Lease%20Renewal1.jpg?width=320&name=Lease%20Renewal1.jpg "Lease Renewal") ### Market Conditions If you feel that your increase is unreasonable, you might be right. Just because an increase is [legal](http://statelaws.findlaw.com/property-and-real-estate-laws/details-on-state-lease-and-rental-agreement-laws.html), that doesn’t necessarily mean it’s correct. You need to know what your property is worth. Try to figure out how much similar properties in your building or neighborhood are going for. There could be a high number of [vacancies](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=2&cad=rja&uact=8&ved=0ahUKEwjz-6KR6PrWAhUd0IMKHao-D7AQqQIIKigAMAE&url=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fapartment-vacancies-hit-five-year-high-1506448706&usg=AOvVaw2uUN9aFsXhNoL9TKVimrEc) in your area and your landlord might ultimately have trouble filling another empty unit. Or, maybe property prices in your area are on the decline. There are a ton of bargaining chips at your disposal if you’re willing to look for them. ![Lease Renewal](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/Lease%20Renewal2.jpg?width=320&name=Lease%20Renewal2.jpg "Lease Renewal") ### Be a Good Tenant The process to win your next renewal starts the very first day you step foot in your lease. Fact of the matter is that landlords are bound to give better prices to renters that they like, which is easy if you follow these simple guidelines: - Always pays on time - Checks don’t bounce - Respectful to other tenants - Follows building rules and codes - Keeps their unit in good shape It isn’t difficult to be a good tenant, especially if your efforts may be rewarded when it comes time to renew your lease. ![Lease Renewal](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/Lease%20Renewal3.jpg?width=320&name=Lease%20Renewal3.jpg "Lease Renewal") ### Extending the Lease Term You may even be able to convince your landlord to lower future monthly rent payments if you sign a longer lease than the typical half or full year term. This will provide your [landlord](https://blog.sdnyrealty.com/blog/becoming-a-landlord) with more financial stability by securing a tenant for the foreseeable future. Besides, they won’t have to waste time and money trying to fill an empty unit. Lastly, a lower rent may be possible if you pay in advance. This way, they won’t have to worry about collecting rent down the line. If you’re looking to win your next lease renewal with an optimal rent price, these tips should help you navigate that process! --- [![Join The Commercial Courier](https://no-cache.hubspot.com/cta/default/432922/d68af3fc-de89-4dd0-bc71-e7dba2bb02f5.png)](https://cta-redirect.hubspot.com/cta/redirect/432922/d68af3fc-de89-4dd0-bc71-e7dba2bb02f5) ### Tags: - [leasing tips](https://blog.sdnyrealty.com/blog/topic/leasing-tips) - [Renting](https://blog.sdnyrealty.com/blog/topic/renting) - [Leasing Apartments](https://blog.sdnyrealty.com/blog/topic/leasing-apartments) - [rental property](https://blog.sdnyrealty.com/blog/topic/rental-property) ### [Previous post](https://blog.sdnyrealty.com/blog/office-lobby) #### [Enhancing First Impressions with a Well-Crafted Office Lobby](https://blog.sdnyrealty.com/blog/office-lobby) ### [Next post](https://blog.sdnyrealty.com/blog/for-sale-by-owner) #### [Is “For Sale by Owner” Really the Best Way to Sell a Home?](https://blog.sdnyrealty.com/blog/for-sale-by-owner) ### Related posts [![How Tenants’ Rights Ensure that Renters are Always Protected](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/Tenants%E2%80%99%20Rights1.jpg?width=768&name=Tenants%E2%80%99%20Rights1.jpg)](https://blog.sdnyrealty.com/blog/tenants-rights) - September 19, 2018 - [lease agreement](https://blog.sdnyrealty.com/blog/topic/lease-agreement), [Renting](https://blog.sdnyrealty.com/blog/topic/renting), [landlord](https://blog.sdnyrealty.com/blog/topic/landlord), [tenants' rights](https://blog.sdnyrealty.com/blog/topic/tenants-rights) ### How Tenants’ Rights Ensure that Renters are Always Protected When you sign a lease, the two main parties are you and the landlord, with each assigned specific rights and responsibilities. However, no matter... [Continue reading](https://blog.sdnyrealty.com/blog/tenants-rights) [![How to Start your Apartment Search Off on the Right Foot](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/Apartment%20Search.jpg?width=768&name=Apartment%20Search.jpg)](https://blog.sdnyrealty.com/blog/apartment-search) - August 15, 2018 - [Renting](https://blog.sdnyrealty.com/blog/topic/renting), [Leasing Apartments](https://blog.sdnyrealty.com/blog/topic/leasing-apartments), [property search](https://blog.sdnyrealty.com/blog/topic/property-search) ### How to Start your Apartment Search Off on the Right Foot If you’ve ever spent time searching for a new place to live, then you know that the struggle is real out there. With so many buildings and... [Continue reading](https://blog.sdnyrealty.com/blog/apartment-search) [![4 Apartment Decorating Tips for Designing your Living Space](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/Apartment%20Decorating.jpg?width=768&name=Apartment%20Decorating.jpg)](https://blog.sdnyrealty.com/blog/apartment-decorating) - July 11, 2018 - [Renting](https://blog.sdnyrealty.com/blog/topic/renting), [Leasing Apartments](https://blog.sdnyrealty.com/blog/topic/leasing-apartments) ### 4 Apartment Decorating Tips for Designing your Living Space When you live in an apartment or rental space, you only have a certain amount of room for decorating, so you better make it count! To help start your... 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