Landlords Willing to Negotiate on Rent

Wednesday November 11th, 2009

More than two-thirds of the independent landlords surveyed by the National Association of Independent Landlords say they would offer to reduce rent to keep tenants and one-third say they have already done so in the last 18 months.

Of those who are willing to cut the rent, 61 percent would reduce it by 5 percent while 29 percent would cut it by 10 percent, the survey of 500 mom-and-pop landlords reported.

“Landlords today understand what’s going on. They don’t want an empty home any more than a renter wants to be asked to leave,” says Tracey Benson, president of the association.

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