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Q.

How do you ask for Commercial Rent Reduction?

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Hey there. If you are wondering how do you ask for commercial rent reduction, I can help. To ask for a reduction in your rent, you first need to be formal and send a request through email or a formal letter. Now what you need to do before you actually send this communication is what I will help you with. I requested a reduction last month, so I know what needs to be done.


How to ask for a Reduction in Commercial Rent?


Here are some things to, points to cover and add:


  1. Research: You first need to search well. See the data of rent for similar commercial properties like yours in your area. Collect rent data and see how much reduction is usually asked for. 

  2. Credibility: Back the data with credible sources. To further solidify your credibility, document your history of timely rent payments. This will establish your sincerity as a tenant.

  3. Business Dip: One major point you can use to get a reduction in your rent is by showcasing a dip in your business. Like if you’re experiencing seasonal difficulties or any other dip, this can be used as a point.

  4. Extended Lease: Another way you can get a reduction is by getting into a negotiation. Ask for a rent reduction in exchange for an extended lease. This helped me a lot and might work for you too.


I hope this helps.


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