After completion of the required readings for this week, answer the following:

- Discuss leases and lease negotiations and what the Property Manager's role is in writing and negotiation of leases.

- How are leases renewed or terminated?

- What are some special terms (addendums beyond the scope of the standard lease) that would be negotiated when leasing office space? (e.g. a build out allowance might be one).

- Tenants are important to a property; discuss how to build a relationship between tenant and Property Manager in maintaining a lease.

- What are some of the reasons that a lease would be a superior option to purchasing a property?

Instructions: Your initial post should be at least 250 words. Please respond to at least 2 other students. Responses should be a minimum of 100 words and include direct questions.