WHATS THE MOST COMMON MISTAKE A TENANT MAKES WHEN NEGOTIATING A LEASE ON THEIR OWN?
The biggest mistake a tenant makes is not developing legitimate alternatives to their first choice, whether they renew their lease or relocate. Here’s why: landlords watch your actions and can quickly see that you don’t intend to move. At that point, you’ve lost all negotiating leverage. Even tenants who have no reason to move must develop alternatives to their current space, otherwise they risk paying above market rents needlessly, because they forfeit all leverage in negotiating the terms of their renewal.
Related Questions
- I am a tenant in a building and I have to pay for common area utility bills and I’d like to see improved lighting efficiency, but I don’t have the authority to make changes. How can I participate?
- Whats the most common mistake a tenant makes when negotiating office space?
- Why is a Tenant Agent better at negotiating a lease?
