Tips For Negotiating Tenancy Contract Renewal

Making changes to an existing rental agreement may include a few exchanges between both sides before renewal. Early communication and clarity in expectations help reduce back-and-forth during the process.

When both parties are aware of timelines and terms, the overall tenancy contract renewal is more likely to move forward without interruption.

Review the current market rates:

Checking rental prices in the same area helps when preparing for a renewal discussion. This information can provide a base to discuss any adjustments. If similar properties are priced lower, a conversation about reducing the rent may be possible. Instead, if prices have gone up, tenants may expect a slight increase.

Check notice periods and deadlines:

Each renewal has timeframes set by the law. If either party wishes to make changes, they must issue a written notice before a specific deadline. Reviewing these dates before starting the negotiation keeps the process within the allowed timeframe. Missing the deadline may limit the ability to update terms.

Highlight past payment record:

A record of timely rent payments supports negotiation for better conditions. Landlords may consider stable tenants more favorably when renewing contracts. Mentioning such a history can support a request for freezing the rent, reducing the number of cheques, or extending the contract term.

Discuss maintenance or repair concerns:

Bringing up any repair concerns before the new term starts helps avoid future issues. If certain maintenance requests were delayed or incomplete during the previous contract, these points can be raised while renegotiating. Any new agreements related to maintenance should be included in the renewed contract.

Propose minor adjustments if necessary:

Tenants may request changes such as parking, pet allowances, or access to specific features. While not all requests are accepted, suggesting reasonable adjustments may be considered during negotiation. It is helpful to raise these points before the final renewal is signed and registered.

Keep communication clear and respectful:

Clear communication keeps both parties on the same page. Whether in writing or conversation, staying calm and direct helps avoid misunderstandings. Using written communication for key points is recommended for record-keeping during the renewal process.

Complete the online process correctly:

Once the new terms are agreed upon, the updated contract should be uploaded and submitted through the official online system. Uploading the correct version of the signed document, along with any updated documents, is necessary for successful registration.