Reader question: 

“My landlord has decided as of 2 months ago, to self-manage the house I am renting. I have a 12-month lease. As he is not paying fees to an agent anymore, is it worth asking for my rent to be reduced? He is getting 100% of the rent now” – Milena 

rent reduction
Photo: Pexels/pixabay.

Asking for a rent reduction

We asked Property Manager with Harcourts Integrity, Taryn Pearse for her advice asking your landlord for a rent reduction:

“I would not believe requesting a reduction from the owner would be more beneficial because he is now self-managing, although he may comply,” Taryn said.

“The contract he had between himself and the agency is not relevant to the contract you have with him to rent the property at the agreed price.

“His reasons for self-managing may be due to costs and if he took a reduction on rent, he may be put back in the same position as if he was paying management fees, etc.”

Taryn said the rent should be calculated on the market value of the property and not the situation of the tenancy.

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Taryn Pearse
Property Manager at | + posts

Harcourts knows that real estate clients want to deal with consultants that have knowledge, expertise, honesty and integrity, and are committed to achieving the best possible result for them.