Rent renewal offer possible error

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  whooah1979 on 19/07/2018 - 22:09

  +3

  do I raise it with them or sign off and lock them in?

  just because you sign the contract doesn't necessarily mean that you lock them in. a contract must be a mutual agreement where all parties agree to the terms. the rent could be a typo and a clause may allow them to change it subject to notifying you of the change.

  • 

    Partake0486 on 19/07/2018 - 22:14

    Just further reason to raise it with them I guess.

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  The Wololo Wombat on 19/07/2018 - 22:15

  Perhaps you've been a good tenant and they want to entice you to stay? Are prices in your area falling?

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    Partake0486 on 19/07/2018 - 22:17

    If it was intentional you'd think they'd call it out in a cover letter though.

    • 

      The Wololo Wombat on 19/07/2018 - 22:22

      I'm a landlord, I honestly wouldn't think bad even if it was a error and you didn't mention it.

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  bitcoinorbust on 19/07/2018 - 22:35

  +3

  there could be a myriad of reasons for a fall in rent. dont make waves just sign and stfu like a good tenant

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  SnoozeAndLose on 19/07/2018 - 22:36

  You should speak to your agent, if it is Landlord's intention it is great, however if it is the agent error then landlord may not be happy and eventually you may get more increase after the 12 months end.

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  my mum on 19/07/2018 - 23:26

  Hello.

  Just sign and pay the new rent and then if they bring it up, tell them you thought it was intentional to retain you as a good tenant in the property.

  Not much to lose by giving it a shot.

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  josho9 on 19/07/2018 - 23:28

  +5

  Are you in Sydney? Rents are falling and vacancies are rising right now. It may be intentional to lock you in for a fixed term.

  However, if you have already agreed a different rent with the landlord, the contract can be rectified later.

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  El Grande on 20/07/2018 - 00:43

  Yeah. They might think of you as a shady guy. Just ask who knows they might have given you a discount to encourage you to stay. Otherwise, they might hold this against you and might do a bigger increase in the future.

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  JimmyF on 20/07/2018 - 08:51

  However, the rent specified is $5/week less than what I'm paying now and the bond specified also reflects this reduction. This was in fact the amount I was paying two years ago and so I'm fairly certain it's a clerical error. Furthermore I'm assuming if it was intended I'd due for a partial bond refund.

  Your bond does normally 'change' as rent goes up and down. Its fixed at the original amount you paid when you signed the lease.

  So what you're seeing it correct then.

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  Fier2 on 20/07/2018 - 09:22

  Rent change every year due to fluctuations of the market. I ve been in my appartement for the last 3 years and we start with a high rent, then lower by 15$ and now high back by 8$. Because it was too much headache with the boond, we just didn t ask for any refund or adjustement and we still have the initial paper stating how much is our bond. You should talk to your agent just to know how the bond gonna be manage but given that you been there for 5 years and i assume you renew your lease every year, you never get to worry about your bond before. So would be the same now

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  HighAndDry on 20/07/2018 - 11:09

  As others have said, just because you sign doesn't mean it's locked in. They also have to sign after receiving it back from you - and presumably they'll notice it then. There's not much risk in just signing and returning it though - if they miss it, you get a bonus (maybe). If they don't, you're in the same situation as if you pointed it out to them anyway.

  Just as for them to give you a copy after they've signed, so in case they do miss it, you have a copy showing that with their signature on it.