To lower rent or not?

[Gerald Barron]

As you can tell from the title I'm trying to decide whether I should lower my rent or not. Here's my situation. I have a class A property that I currently rent for 2800/mo. It is kind of niche for the area as I rent it fully furnished annually. I currently have great renters. They take good care of the property, keep it very clean, and even added 1500.00 dollars in landscaping on their own dime. Their lease is coming up in November and they want to stay but they want the rent lowered. They offered to sign a two year lease if I lowered the rent to 2600.00 a month. I think I know what I'm going to do but I thought I'd ask the community. So what would you do? Lower the rent and take the two year lease or something different?