Understanding Lease Language and Negotiations
The Landlord is not on your side – Review these simple steps to help you better understand your lease language and negotiations.
Landlord-tenant relationships can sometimes be adversarial, but understanding the lease language and negotiating effectively can help protect your interests as a tenant. Here are some steps you can follow when negotiating a lease:
Review the lease language
Before signing a lease, carefully review all the terms and conditions, including rent amounts, length of the lease, and any provisions for renewals or termination.
Understand your rights
Familiarize yourself with your rights as a tenant, such as the right to quiet enjoyment and the right to a safe and habitable living space.
Identify your priorities
Determine what your priorities are, such as lease length, rent amount, and any specific provisions you would like to include in the lease.
Negotiate with the landlord
Once you have reviewed the lease language and understand your rights, reach out to the landlord to negotiate the terms of the lease. Be prepared to compromise and be flexible in order to reach a mutually acceptable agreement.
Get it in writing
Once you have agreed upon the terms of the lease, make sure the agreement is put in writing and signed by both parties. This will help to avoid any misunderstandings or disputes in the future.
By following these steps and being proactive, you can negotiate a lease that is favorable to your business and protects your interests as a tenant. It is also advisable to seek the assistance of a real estate attorney or professional if necessary.