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Answers for your 2nd Month How do you ensure that you’re not paying too much? What is the minimum number of variables you should have to negotiate? Which negotiation variable should you keep up your sleeve? D_____________. When renegotiating a lease, it is best to try to get the longest term you can. True or False?

Answers Pre-value the property.

2

Depreciation

TRUE

Longer-term leases are more attractive to you for

Q5

resale and refinance reasons. But shorter leases are

3 years

becoming more common (e.g: __ years) Any assets are

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Why would you decline a Directors Guarantee over a

most likely not

Bank Guarantee, when negotiating with your tenant?

in their own name.

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What is the minimum period you should seek from the tenant for a Bank Guarantee? If your due diligence is unsatisfactory, you are entitled to have your deposit is returned in full. True or False? If there is misrepresentation of the lease details, is that grounds for avoiding the contract. Is Essential Services Compliance (ESC) a helpful negotiation & selling tool? Should the Tenant Lease include ESC items?

4 months

TRUE

Yes

Yes

Yes

Answers ~ 2nd Month  

quiz answers