If you’re considering re-signing your lease, you should ask your landlord for the same deal they’re giving new tenants.

I just decided to re-sign my lease for another year, and so the show goes on. I want to share with you a quick tip that I picked up from a block resident named Lauren (Ed. note—this is the same Lauren who made an off-handed comment that caused me to set fire to the bylaws): If you’re renting, you should ask your landlord for the same deal they’re offering new tenants. That is because it’s a tenant’s market in NYC right now, and both new and existing tenants should be able to benefit from it.

To illustrate, 507 West Chelsea currently has a studio listed for $3,025/month on its website (see Apartment 7J). But the same studio is being offered for an effective or “net” rent of $2,268/month on StreetEasy. In other words, the landlord is currently knocking off a whole three months of rent for new tenants who are shopping for apartments on StreetEasy.

So if you’re sitting in the apartment neighboring 7J right now, don’t just sign whatever is put in front of you. You have a little leverage.