Lease Negotiations

Leasing is one of the ways of securing rights to occupancy and use of somebody else’s property for an agreed duration. Leases are legal documents through which such rights are transferred from owners to tenants (Lank& Sobeck, 2003). Common sense dictates that before signing any agreement that could be legally binding, the parties involved must understand the terms and provisions. This explains why lease negotiations are important.  Some of the key aspects that may require negotiation include permitted activities and rent/rates. In many instances, landlords or property owners hire people to manage their property. Known as property managers, these people play a key role in writing and negotiating leases. When approached by prospective tenants, property managers are the ones that negotiate lease terms on the owner’s behalf. Upon reaching an agreement, they will write the lease agreement.

Renewal or termination of a lease depends on its contents, precisely the terms and conditions. In some cases, either party may terminate the lease without notice. In others, a one-month written notice must be issued before termination of the lease. Regarding renewal, there are some cases where renewal takes place automatically for a set duration, typically a year (Blackwell, 2017).

Some of the special terms that would be negotiated when leasing office space include signage, disposal of hazardous waste, and parking space for clients/customers. Property managers must stay professional in the way they handle tenants. Befriending tenants with the aim of developing better relationships only makes the property manager vulnerable to being exploited and misused. It could also cause delays in rent payments (Tiner Real Estate Services, 2020). Maintaining communication throughout also helps, as does doing routine inspections of property. Soliciting tenants’ feedback as well as respecting their privacy also boosts healthy tenant-property manager relationships.

Sometimes, leasing is more advantageous that buying a property for some reasons. For example, there are no capital investments involved in leasing unlike in purchasing; lessees only pay a deposit that is refundable. Secondly, lease payments reducing the tax burden of a business since they are deductible (Upadhyay, 2019). Other benefits of leasing include more liquidity, fixed costs, and more flexibility.

References

Top of Form

Bottom of Form

Blackwell, E. (2017). Lease renewal and termination. www.treg.com/blog/lease-renewal-and-termination/

Lank, E., & Sobeck, J. (2003). Essentials of New Jersey real estate. Dearborn.

Tiner Real Estate Services. (2020). How to build an amazing relationship with your tenants. tiner.com/how-to-build-an-amazing-relationship-with-your-tenants

Upadhyay, R. (2019). Facility management Volume II: a professional guide. Notion Press.

Essay Tutors
Calculate your paper price
Pages (550 words)
Approximate price: -

Why You Should Choose Us

Affordable Prices

Since we know that we are dealing with students, either part time or full time, many might be having financial constraints, but still want to pursue academic life. This has made us ensure we have very affordable prices, and wonderful discounts, yet give high quality products.

Professional Writers

Our reputation has been built because of the dedicated and highly qualified writers in our team. The writers give clients high quality products which guarantees return clients and referrals.

Quality

Our team is dedicated to giving clients the best quality products. However, if a paper does not meet the requirements stated by the client, our team will provide free revisions to the satisfaction of the client.

Moneyback guarantee policy

We believe that clients should get value for their money. If the client finds that the product has not met the requirements stated, we will refund the amount paid.

Original papers

We understand how plagiarism can ruin clients’ careers and reputation. We thus strive to provide original papers to our clients. We use several tools to check plagiarism. This ensures that clients get products that meet their institutions’ standards.

24/7 Customer Support

You can reach our support team via, live chat, email or phone. All your issues will be dealt with asap as the team works round the clock.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

You have other errands to run? No need to worry. Place your order with us, carry out your errands while we do your paper and deliver on time.

Blog Writing

Give us a topic you want your blog based on, and let our team handle the rest. You will get the best article to be published in any forum you want. We have able team to do all the work for you.

Assignments

Many students are given assignments by their tutors. However, students find it challenging to just even come up with a topic. This should no longer be a problem to you. Just visit our site, contact the support team that will help you place your order, and find the best writer to handle the assignment.

Dissertation Services

Dissertation has proven to be challenging to most students. For this reason, we have specialized writers who handles only these kind of papers. You will be in constant touch with the writer and the support team once you place a dissertation order to make sure nothing goes wrong.

Editing and Proofreading

Some students have good points and writing prowess. However, they make minor mistakes that deny them good grades. To avoid such cases, you can give us your already written paper so that our team can edit it to the correct formatting style, language, proper flow and the correct academic language. This gives you an upper hand to get the best grade than a person whose job has not been edited.