Tips and Tricks for Negotiating
You should know that you will usually pay about 50 to 60 percent of the balance that is left on the leasing document. The tenant and landlord usually go back and forth with counter offers until they come to an agreement. This agreement of meeting halfway usually keeps the case from going to the court system, and this can be even more expensive.
Consider the market conditions when setting up a buyout negotiation. Your hope should be that the tenant and landlord are able to win in the situation, keeping costs low and maintaining a positive relationship between tenant and landlord.
If the market is in a bad position, the costs can rise unexpectedly, making it impossible to profit from the situation and in turn making the process unnecessarily stressful for both parties. If you are a tenant, consider the possibility that your business can fulfill the terms stated on the commercial lease before trying to break your lease.
I will get back to you with more information.
Apr 24, 2017