Property Management
A commercial property manager who negotiates lease renewals should aim to:
ARenew all leases at the same rent to maintain consistency
BNegotiate market-rate rents that reflect current conditions and preserve the property's income✓ Correct
CAlways offer concessions to retain existing tenants
DRequire all tenants to sign 10-year leases at renewal
Explanation
Effective lease renewal management involves negotiating rents that reflect current market conditions, balancing the cost of retention against the cost of tenant turnover. A good property manager maximizes the property's income while maintaining good tenant relationships.
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