Benidorm Apartments Rental

After a long day at the office, you return to your apartment and find an official letter from your landlord in your mailbox or under your door – how do you feel? The letter reads that after your current lease ends in a few months, you can face two situations: (i) if you are quick in renewing your lease for another year, you can receive a ‘one time special’, or (ii) if you wish to pay from month to month, you will have to pay a higher rate. Whatever your choice, the new rent amount in both the situations is significantly higher than what you are currently paying. The question then is - what do you do?

One way to combat such a situation is to stay calm. As the renewal time gets closer, your landlord’s strategy is to cash upon natural fears of further increase in rent. They understand your psyche and you should understand theirs. Most landlords bank upon these kind of letters because they know that their renters will rush to judgment, quickly agreeing to their initial terms and rent increases. The amounts and terms mentioned in this initial letter is just wishful thinking on the part of your landlord, more so when there currently happens to be promotional material, like ‘for lease’ signs, the grounds of your complex. So, it is advised that you stay calm. If you ignore this initial letter and delay responding, weeks later you will receive follow-up notes from the landlord, most certainly with better terms and conditions.

The other way to react is actually to understand. If your thought-process can match up to that of your landlord’s, you can write him a simple and, at the same time, an effective letter that will generally have astonishing results. How can such a letter be drafted, you may ask? With some creativity, a little research, and reasonable confidence, you contribute your bit towards a reduction in their asking amount, mentioned in the follow-ups. Your ploy would help you ask for lease duration that best meets your needs and, if market conditions work in your favor, the rent amount of your new lease could also be less than your current rent amount.

There are a few things wise renters should NOT do. Many renters are mistaken if they think that in order to stay on, so as to save on paying moving expenses, they should tell their landlord that they are ready to move. The ‘power’ perspective does not come into play in such a negotiation. The reaction of your landlord would be – ‘Do what you have to do, and move’. The clever landlord knows that moving costs - like truck, supplies, labor, and others - represent money from your pocket.

Experience teaches them the fact that most people want to avoid moving hassles. They know very well that for tenants a saving on the moving expenses is like ‘found money’ that they readily agree to ‘give’ to their landlord, mostly by complying with the terms of the initial rent increase letter that is sent to them.

There are certain techniques by which you can turn this above situation around to your advantage. You can look towards a direct rent reduction or an indirect rent concession to the original terms, provided you are able to convince your landlord to willingly take money that you would have otherwise spent on re-rental activities. This negotiation never fails to work. It so happens because the person who can approve rent discounts, namely, your apartment’s leasing manager most likely reports to ‘someone’ at a larger corporation. That ‘someone’ obviously wants a signed lease - no matter what the terms – so as to limit his uncertainty and risk exposure, and to gain from corporate planning. It is, therefore, all up to you to use this knowledge to your advantage.

Yet another way to find cheap Benidorm apartments are to do your research. Look for rent specials in online websites. Along with the website of your apartment complex and management firm, study mass-market Benidorm apartments rental sites. Note what specials are being offered to new renters and print these out. In addition, check the web for similar complexes close to your current apartment, and complexes of the competitors of your present landlord. Interestingly, you may hit upon places that are brand new, and even those charging comparable amounts to your present rental unit. This kind of information can be handy for determining a reasonable ‘counteroffer’ for the proposed new lease of your existing landlord.