My housemate and I moved into a house in Dublin 6 three years ago. At the time the rent was €1600, now increased to €1750.
We accepted the two rental increases (max amount) because to move would have cost a lot more, which is no longer the case. There are currently a number of two bedroom properties in our area being advertised for €1200, €1400 or €1500. The increased supply is having an immediate effect on rent prices in the area.
We take care of the place, we always pay our rent on time and we don’t ask for a lot. I’d like to think we’re considered good tenants.
The landlord owns about 20 houses in the area. I don’t know him personally, we only communicate through the agency.
I’m self-employed and my income has reduced, while my housemate was laid off for a few weeks and just went back to work today.
We think we’re in a reasonable position to renegotiate our rent, but don’t know the best way to approach it.
Do I just lay out the facts as above? Do I say we’re going to move out if they don’t accommodate us somehow? (Realistically this would be a fairly empty threat, I don’t actually want to move house)
Our goal would be to get back to our original rent of €1600. They’ll probably want to meet us in the middle so do we ask for €1500 and move to that?