You have received your landlord’s lease-renewal proposal … what is your next step? Your job isn’t to simply accept those terms. The proposal is just the beginning.
Just like a good boxer, a physician will find numerous character traits very important when going back and forth with multiple counteroffers to avoid going down in the third or fourth round. These include mental stamina, strong will, and patience. Often, a landlord will win a negotiation with a tenant due to greater endurance.
One of the first things you need to remember is to put your signed counteroffers in writing, with an expiry date within which time the counteroffer is open for acceptance. Normally, you would have had a prior verbal conversation with the landlord or their representative about renewing your lease. It generally makes for a better deal-making process if you don’t blindside anybody in your counteroffer. That means discussing your concerns with them in advance so that at least when they see your counteroffer, they aren’t taken aback.
If you have a complaint about the broken-down fence along the property line, start by asking your landlord about it. If you are told that fence repairs are already scheduled for next month, then you will not have to ask them to complete it. Instead, confirm that this work will be completed and ask for that verification to be supplied to you in writing. [Read more…]