Posted by
tsuiwah
20 yrs ago
sadly, a 30% increase could very well be the market rate...in the end, it is in the landlord's interest to keep you by giving you a slight discount to the market unless s/he wants to renovate and test the market further
Please support our advertisers:
tggb
20 yrs ago
This is an example of how free the HK market is. Don't forget we, the tenants, love to negotiate rental prices down when the market drops.
Please support our advertisers:
if you want to know your rights, then the answer is you do not have any here
actually, your rent increase seems pretty reasonable (I wouldn't factor in the rent free period at this point as you are unlikely to get the same elsewhere in this market)
best advice is to start looking and have some options if you don't want to/can't pay the HK$60K
Please support our advertisers:
kram
20 yrs ago
The only way the expected rent will come down if you highlight the cost to the landlord of a change:
Assume going rate is 62k. Your current rent is 52k.
Painting and polishing - guess around - 30k
no new tenant for atleast a month - 60k
commission to agent - 30k
Put those in from a new 62k lease, even for a 24m lease, the effective rent comes down to 57k already. The 52k to 57k range is gravy - but 62k coming down to 57k is a no brainer!!
Please support our advertisers:
You must be logged in to be able to reply.
Login now
Copy Link
Facebook
Gmail
Mail