Facing increased property maintenance expenses? It's time to talk terms with your tenants. Here's how to approach the negotiation:

• Assess market rates: Research current market conditions to ensure your lease terms are competitive.

• Open dialogue: Communicate openly with tenants about cost changes and the value you provide.

• Offer flexibility: Consider offering incentives or flexible terms in exchange for agreeable adjustments.

How have you approached lease renegotiations in light of rising costs? Share your strategies.