Is a 99-year lease good?

The majority of residential leases used to be for a term of 99 years, but more recently leases on modern purpose-built flats have been for 125 years or longer. The simple answer then is yes, there is no problem in principle in buying a flat with a short lease provided that its price reflects this fact.

What are the bylaws of an apartment?

What is a by-law in an Apartment Society? By-laws are the guidelines, which have provisions relating to the affairs of the apartment association. It refers to a local/private law made by an organisation for its own government.

How can I find out if my apartment is unoccupied?

When you speak to the landlord, have a printout of comparable units that are slightly lower in rent and, if the unit has been unoccupied, have this information on hand as well. Perhaps a similar one-bedroom apartment rent has an amenity this unit does not, for example.

Can you negotiate rent when applying to a new apartment?

Such negotiations can be done whether you’re applying to rent a new apartment or just want cheaper rent where you currently reside. Here’s how to negotiate rent and help your landlord realize you’re worth the sacrifice. Can you negotiate rent? How to negotiate rent before you move in

How do you ask for a lower rent?

1 Time it right. Start the conversation shortly before your lease renewal is due. 2 Point out the benefits of your staying. 3 Offer something in return. 4 Demonstrate you’re a model tenant. 5 Point out repairs. 6 Suggest a temporary reduction in the rental price.

Is it hard to convince a new landlord to lower rent?

As a prospective tenant, it’s a bit harder to persuade a new landlord to accept lower rent, since you two have no history together. A competitive market counts here: Landlords who’ve been struggling to fill apartments will be far more open to rent negotiation than most.