Lease Negotiation Should Be Done Carefully - Business Negotiation

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A lease negotiation should be done very carefully. There are certain tips and guidelines that you should follow for a better lease negotiation. These are as follows:

o Before lease signing, always remember that you should ask for a copy of the lease. It is essential that you should have enough time to review it.

o At signing, after you have read over the lease carefully, make sure that you are comfortable with it. If you are not satisfied with it or want some changes to be made, ask to reschedule the lease before signing it.

o Do not hire a broker. Broker does not have any authority to make decisions. It is, therefore, recommended to negotiate directly with the landlord or someone who has the authority.

o In case you are signing a lease with a friend who is going to share the apartment with you, it is wise to choose one person to be the negotiator. This helps to avoid arguments while negotiating.

o It is also important to gather basic information about the landlord and understand his position. That is, you should know whether the apartment that you are taking on lease is owned by the Real Estate Management Company or by a family. In short, knowing everything about the landlord's concern will help you to argue well in the lease negotiation.

o The fact is that you will have the negotiation power only when you are having something that the landlord wants. Therefore, the time that is best for a lease negotiation is during the signing of the lease when the landlord has approved you for the apartment and is ready to close the deal.

o Also, it is vital to ask questions before starting the lease negotiation. You ought to convince the landlord that you are a reliable tenant. Asking questions will help you to show the landlord that you are keen to follow the rules.

Source: http://business-negotiation.blogspot.com/2012/08/lease-negotiation-should-be-done.html

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