This is a great question, and for starters, a reliable, long-term tenant offers peace of mind to a landlord, which can play in your favour when negotiating a rental increase. 

As a tenant, it's always a concern when you receive notice of a rental increase. However, there are ways you can negotiate a rental increase and lower your rental payments. 

1. Do your research!

Before you start negotiating, you must understand the market and know the current rental prices in your area. Researching similar properties in your neighbourhood or surrounding areas can give you an idea of the fair market rent. If you find the rental increase higher than the market rent, you can use this information to negotiate with your landlord.

2. Talk to your Property Manager

It's always best to have an open and honest conversation with your property manager. Schedule a meeting or send an email to discuss the rental increase and any concerns you may have. Be respectful, explain your situation, and ask if there's any flexibility with the rent increase. Your landlord may be willing to negotiate a lower increase through the property manager, particularly if you're a good tenant who always pays rent on time.

3. Highlight your good qualities as a tenant

It's crucial to highlight why you're a good tenant and why your landlord should consider keeping you as a tenant. If you've been a good tenant, always paid rent on time, and kept the property clean and well-maintained, your landlord may be more willing to negotiate a lower rental increase.

4. Think outside the square 

Consider your options if you still need help to negotiate a rental increase. For example, if you have a spare room in your house or apartment, can you bring in another tenant to help pay the rent? 

You have two ways of bringing a new tenant into the mix. Either you rent out a room privately to them and remain as the sole leaseholder, or you can ask your Property Manager whether you can add an extra person to the lease agreement. If you choose this path, the new tenant must fill out an application form and be vetted by the Property Manager or landlord. As a leaseholder, the new tenant must abide by the residential tenancy rules in your state or territory.  

If you have received a rent increase and want to discuss your options, speak to your Raine & Horne Property Manager today.