“Given the state of the WA market, I feel like I could be able to ask for a rent reduction on my property. What would be the best approach to my property manager to see if this is a possibility?” (Tenant, WA)
When you want to ask your agent for a rent reduction
We asked Jenni Wood, the Training and Development Manager at Professionals for her advice:
Jenni said the very first step before making such a request would be to do your homework.
“That is a thorough analysis of the state of the local rental market before embarking on what can often be a very emotional time for tenants,” she said.
“If there is better value up the street of comparable property, then chances are you could be well placed to debate your case.”
“However, if your local area activity does not support rental reduction evidence then you would be best placed to continue as it and re-assess in another 3 – 6 months.”
Jenni said that if evidence does suggest a reduction is in order, make contact with your property manager and discuss the matter.
“Ensure you have an amount in mind as your firm offer with the owner,” she said. However, be prepared that they may reject your offer.”
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You might also like:
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Jenni Wood is the Western Australian Regional Assessor with Harcourts Real Estate Training Centre (HRETC). With over 30 years of industry experience, Jenni is a Licensed Real Estate Agent and holds a Certificate IV in Workplace Training and Assessment. She has worked with HRETC since July 2019. Before starting her role as the state's Regional Assessor, Jenni was the Academy Trainer with Harcourts Western Australia. She previously worked with REIWA's Property Management Network Committee as the co-chair between 2009-2019 and as Training & Development Manager for Professionals State Service Centre for WA and NT.