Business Owners Lower your Rent

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Business Owners Lower your Rent

Posted on Oodle - Over 4 weeks ago

Category:: Other Real Estate Services

Location:: Chicago, IL

Features & Description

Yes, it is possible to renegotiate a lease but it all depends on the landlord. At our company we take many factors into consideration but basically you have to prove financial hardship, that your profits have gone down. Knowing the area comps will help but in no way is a guaranteed thing. The key to negotiating is not bluffing. You could say that if they don't lower your rent you'll have to close, and then they'll say fine, and then what do you do? Are you going to play softball or hardball? See us at http://www.LeaseRx.com . Landlords will usually include an annual increase to your rent in your lease terms. If the landlord insists on keeping the clause, try to get a cap on the amount of each year's increase, and try to exclude a rent increase for the first yearIf you are willing to make the commitment. See if you can extend-and-blend your lease. Offer them a 5-year renewal from NOW if they will give you the rental rate you want.

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