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How to Negotiate Commercial Rent Reduction?

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I started a business during COVID-19 and just last year rented a commercial property  because of the scarcity of space in my house. Thanks to my friends for providing me with suggestions on how to negotiate commercial rent reduction. They were helpful; hence, I would like to share them with you. The first step is to research and understand the rental rates in the market and then consider other aspects that I am sharing here.

How Do You Ask for Commercial Rent Reduction?

Here are some useful suggestions on how to negotiate a commercial office lease:

  • Research Market Rates: Research the rental rates for similar properties in your area. You must have clear data so if you want, you can seek help from real estate platforms like

    NoBroker’s Rentometre

    to learn about the rental rates. 

  • Highlight Tenant Reliability: Show your reliable history as a tenant. Landlords look for stable and good tenants, so if you pay rent on time and have a good tenant history, highlight it to the landlord and negotiate on the rent. 

  • Request Lower Rent in Slow Seasons: If your business has seasonal difficulties, ask for a temporary rent decrease during quieter months. Many landlords understand and may agree to the offer. 

  • Extend the Lease: Try to sign a longer lease in exchange for a lower rent. This will assure your landlord that he will have a steady income for months or years and might make them more willing to negotiate.

So these are some effective strategies on how to negotiate a lease on commercial property that worked for me. I hope you will benefit too.

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Read More:

How to negotiate a Commercial Lease for Retail Space?

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