Letters from my landlord don’t come often, and in the past they have usually indicated one thing: higher rent. So when I saw the envelope in yesterday’s mail, my first thought was, “Damnit! How can they raise my rent when rents are falling in the area?” It turns out I had jumped to conclusions:
I have heard stories of tenants successfully bargaining their rents down recently, but I don’t often hear of landlords taking the initiative to lower rents on existing tenants. Not that I’m complaining, and presumably the decision was made for sound business reasons and not pure generosity (a couple of other tenants have left the building recently, and maybe the landlord hopes to prevent further departures). That said, given some of the horrific landlords in the world, I’m glad to be in my building that is managed with decency and competence.
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