Tenants often believe that, due to their outstanding relationship with their landlord and a long history in the building, they will secure a better lease renewal deal from Landlord. On the contrary, Landlords know that most Tenants renew their lease to avoid business interruption and moving costs. Thus, existing Tenants have little leverage in a lease renewal negotiation unless they retain an experienced expert.
The key to a successful lease renewal negotiation is creating leverage and competition between your current landlord and surrounding landlords in the area, while maintaining a controlled and organized process. An experienced Tenant Advisor provides the proper market research and negotiating skill for a successful lease renewal negotiation. Renegotiate Lease specializes exclusively in Commercial Tenant Representation and can save you significant amounts of time and money on your next lease renewal.