Common Lies Landlords Tell

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While landlords aren’t known for being the most honest bunch of people around, most tenants have a reputation of being too gullible. Here we look at all the common lies you can expect from landlords, and how to react to them.

Always remember that landlords will try their best to get a good deal out of their tenants, but you should only proceed when you know that the commercial property best fits your needs:

Another Offer Is coming In

This is bigger than any other lie ever told. Every landlord that you deal with will always push you into action by saying that there is another offer coming in and you should probably seal the deal. While this lie can easily backfire, the addition of a third-party in the whole process spells a world of good for the landlord.

Sometimes, landlords and commercial real estate agents even push it a step further that they have received a specific offer for this amount. The amount is given to the customer as a bare minimum of what they should probably top when they give their offer.

We Re-Measured the Space

Have you noticed when a space increases in size after a due period? Well, what do the landlords say when you ask them about it? They say we re-measured the space and it came out to be more.

This is another one of the lies that your greedy landlord will throw at you. Landlords are seeking an increase in the revenue, and there is no better way to get one than through this method.

The Construction Budget Is Spot-On

Whenever you see your landlord boasting about the construction budget, you can signal them out for lying through their teeth. While landlords can often be true for mentioning the production budget and what it came out to be, this computation is often delivered to inflate the price of the rental agreement. This padded budget is designed to increase the revenue for the landlord and to make the properly look hotter.

Operating Costs Have Increased

Landlords make a list for operating costs, and more often than not they tell that the operating costs have increased, and something needs to be done about it. While you might not be able to find any discrepancy, this lie is shrouded by stuffing external heads into the column for operating costs. Landlords stuff numerous heads into the operating cost column, and try to inflate it for their own gain.

Not Seeing Your Agent

Most landlords shy away from seeing or meeting your commercial real estate agent, because the process might end up in rental cuts for you. Additionally, the agent might also make the whole agreement more tenant-friendly, which does not sit well with a landlord.

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