Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

6
Posts
0
Votes
Karan Agarwal
0
Votes |
6
Posts

Seller Negotiting Rent Renewal for Current Tenants

Karan Agarwal
Posted

Hello, I am writing an offer for a property that is currently rented at market rent value. The seller wants to close urgently and in addition to negotiating the price, I would like the seller to negotiate with the current tenants to renew the lease and with slightly higher rent. I have been informed that the tenants would like to renew the lease as of now. 

This gives me assurance of positive cash flow until 2024 and removes the work to find new tenants. Can the seller negotiate lease renewal for a potential buyer? My agent says no but I don’t see a reason on why it’s impossible. 

Loading replies...