⚡ Industry X-Ray

Negotiation

Can you negotiate rent on a lease renewal?

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Who Has Leverage: Who has leverage at a lease renewal?

A reliable tenant: vacancies, cleaning and listing cost the landlord. Turnover means empty months and work. A good tenant is worth keeping. Source: Wikipedia – Lease

The Best Move: Best move?

Offer a longer lease in exchange for a smaller increase. Certainty is valuable to a landlord, so trade term length for price. Source: Wikipedia – Lease

The Trap: The trap?

Waiting until the deadline, when moving is no longer realistic. Leverage comes from a credible option to leave; it disappears as the date nears. Source: Harvard PON – BATNA

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