- The price is great but the quality and location sucks.
- The price and quality is great, but the location is horrible
- The price is as expected per the quality and location but the landlords are odd.
Depending on the landlord, the negotiation process can be quite extensive as well. Here is an example from our most recent search:
We found an apartment that is about 40 years old, on the 6th floor (more natural sunlight and less neighbors in front of you), has a terrace, is about 1000 sq ft. The price is extremely good, as long as there are some upgrades in the kitchen. The landlords are the owners and used to live in the house for 20+ years. Most of the rental market in Madrid includes furnished apartments, and these landlords had every intention of completely furnishing the house. We already have our own furniture, so we had to negotiate this with them. Here are the discussions we have had with regards to renting the apartment, in chronological order:
July 13: First time seeing the flat (doorman lets us in).
July 18: Meet the landlords at the house for the 1st time. (2 HRS)
1. Explain that we would be interested if they at least got a new stove. Kitchen was a bit scary.
2. Lots of chit chat so that they feel comfortable with us as potential tenants.
July 22: Filed paperwork with the prop management agency - We're approved!
July 24: 2nd meeting at the apartment with the landlords at the flat. (1HR) Agreed that:
1. they would work on the kitchen (which they decided to remodel!!!!)
2. they would only purchase 2 armoires, 1 twin size bed (they wanted to buy more)
3. we would call them on Aug 16th to see the progress. Target move-in date = Oct 1st.
Aug 17: We call them and they are still on vacation outside of Madrid. The furniture is in the apartment, but the kitchen floor was just finished and the rest of it is still in progress. We agree:
1. we will call them on Sept 1st when they are back in Madrid.
2. we each gave our word to the October 1st date.
Sep 1: We call them, no answer. 3 days of back and forth.
Sep 3: Their "For Rent" signs are taken down. Thank God!
Sep 9: 3rd meeting at the apartment. (1.5 HRS)
1. Kitchen - only the floors are finished. Design plan looks good.
2. Furniture is in place and looks good. They even got a diningroom table w/chairs
3. There was water damage in the main bedroom. They claim there was some work being done on the roof and that it was going to be taken care of. We hope so.
Sep 15: Time to call the landlords to find out if the kitchen has been remodeled so we can sign the contract. They do not want to sign until the kitchen has been finished, because otherwise they have not fulfilled on their side.
And we are 2 weeks away from October 1st...the original target!