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Open the appCurious about the best approach to lease negotiations in a volatile market? Share your strategies for finding common ground.
The Landlord doesn't want to lose the Tenant, but they also want to make sure the Tenant can pay the rent. It's a bit more difficult if the lease is already agreed upon, but hopefully the Landlord is open to working with the Tenant. You can ask for some free rent and tack it on at the end of the lease term, and extend the term. Tenant will need to also provide their financials to the Landlord. The best is open communication. Again, the Landlord will do its best to keep the Tenant, but there is also a scenario that the Tenant's rent could be well below market, and the LL is open to releasing the Tenant from its contract in order to back fill at a higher rate. win win, here if the Tenant needs to get out of its lease.
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