People are often reluctant to ask for concessions in a negotiation because they don’t believe they will be successful. They are worried the answer will be “No”, but if they fail to ask the question in the first place then the answer is most definitely “No”! Some of the reasons for this behavior lay in the diffidence or embarrassment about making what people may feel to be a request that could jeopardize their relationship with the person they are asking, and also arises from a general dislike of confrontation. If you feel that way, then the person with whom you might be negotiating has clearly got the upper hand in your relationship. More to the point, they may well be taking advantage of you and you are simply allowing it to happen. | | | |
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When leasing new space, the requirement to put up a security deposit can be a big drain on cash flow at a time when moving and setup costs are already creating pressure. Obviously the best alternative is to negotiate a reduction, but this is not always a successful ploy and another alternative to consider is to offer a limited personal guarantee equal to the value of the security deposit that you are unwilling or unable to put up. | | | |
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| Many people seem to think that brokers only work on leasing new space. In reality they are just as valuable when you are looking at renewing an existing lease and are an essential source of information, knowledge and expertise. | | | |
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Every business is different and the real estate needs of a manufacturing business differ significantly from those of a service company with similar top line revenues. This makes it difficult to create any kind of realistic benchmark as to where a company’s real estate costs should be, but a complex question can be reduced to some simple fundamental concepts. | | | |
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You are a tenant, your lease runs out and the landlord is in no hurry to give you a new lease. Should you press for a new lease or not? The conventional wisdom is that you should and that you really need to have a lease, but in recessionary times that may not always be the case. | | | |
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