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Negotiation tips for lease renewals, rental bidding wars heat up, & more

Published March 18, 2022 (about 4 years ago) · Updated 3 months ago
Negotiation tips for lease renewals, rental bidding wars heat up, & more
This week readers visited Brick Underground to check out an updated list of ways to negotiate when you receive a lease renewal notice with a big rent increase. The New York City rental market is very different now compared to when you signed your lease, so it's important to research current rents for similar-sized apartments before you ask your landlord if you can get a better deal. And don't forget to stay calm during negotiations.
Also of interest: Nearly one in five new leases signed in Manhattan last month involved a bidding war, according to the Elliman Report.
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