Real estate

Suppose that you have a commercial property and an important anchor tenant has a lease that is about to expire. With the lease soon expiring, you are trying to decide on your negotiation strategy. The property is in an area in the early stages of gentrification – that is, the neighborhood is improving due to renovation and an increasing share of prominent businesses (which generally leads to increasing property values).

However, there has been a recent increase of crime in nearby. If crime rates don’t scare away investors, gentrification will continue and your potential rents will go up. However, if crime gets worse, your potential for rents will drastically decrease.

The anchor tenant does not want to pay an increase in rent, and is willing to sign a long-term lease at the current rate. If they move out, other tenants may follow and the vacant space could possibly attract more crime to the area, due to the fact that that space is sitting empty and fewer people are around.

Which of the following options for tenancy would you try to work out with your tenant and why?

Option 1: Try to lock the tenant in on a long-term lease (tenancy for years) with no increase in rent to keep the anchor tenant and protect yourself from potential vacancies.

Option 2: Agree with the tenant on a tenancy from year to year (periodic tenancy), and see where the market is a year from now.

Option 3: Allow a holdover lease (or tenancy at sufferance where the tenant would still be bound by the terms of the current lease) while trying to negotiate a lease with the rents you would like to receive. If you find another anchor tenant, this would allow you to evict the current tenant at any time.

In a minimum of 50 words, explain which option you would choose and explain why you think it is the best option. Note that simply writing the 50-word minimum with minimal effort will earn a score of 50%. Writing over 100 words with a strong line of reasoning will result in a score of 70% to 90%. To receive a score of 100% requires a well-written reply with over of 200 words and a clear-cut, persuasive argument that includes references to the text and/or outside resources.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: Content is protected !!