Negotiate Rent Reduction Without Giving Away the Store

April 30, 2008
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As the economy continues to slow in 2008, more tenants will be tempted, if not forced, to ask their owners for rent concessions. Luckily, when faced with these unpopular requests, “most property owners and management companies are pretty practical,” says Sacramento, Calif., real estate attorney Thomas F. Stewart. “They realize that it's better to get some rent than to have a vacant space,” he says.

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