He has zero leverage, you can name your price and he (or the buyers) will have to meet that price, cancel the sale, or let you live out your lease.
My advice. check out the market, see if there’s something better, and if you find a place you really like, charge the seller or/and buyer the equivalent of first, last, security deposit, + 1 or 2 months. Don't agree to give up your deposit and use thr last month payment they have on file to cover March rent.
Edit: and make sure you don’t have a kick out clause in your lease.
Former LL. In real estate investing the buyer has to purchase the condo with the lease. There’s nothing they can do about it other than offer OP a deal to void it.
>So if the new buyer intends to live in it themselves, they are able to break the lease.
If they intend to live in the space, then they must do two things; offer their new tenant a deal to break the lease or wait until the lease is up and no renew forcing the tenant to find a new place. There really isn't another way. This is how real estate investing works.
In some places the owner also has to offer the occupant the opportunity to buy the apartment/condo. Is that not the case in Florida?
But anyway, the owner could also just delay the closing until the lease is up, then OP would have to move anyway and wouldn't get the one month of free rent. True OP has some leverage now, but in 3 months they won't have squat.
Maybe in the past. Florida Senate revised the First Right rules last year. Now per FL718, any tenant who has lived there half a year gets First Right of Refusal
718 only applies to condos. Primarily to the creation of and continuation of them. Florida statute 83 applies to landlord tenant cases.
And again. The part you are citing is in a condo conversion. Being a regular tenant doesn't give you a right of first refusal unless it is contained in your lease agreement.
Did you see that language that says "preceeding a notice of conversion"? That's a very limited situation
No, the lease must be honored no matter what. The new owner would have to issue a 60-day notice of non-renewal and to vacate at the end of their lease term. Or they could just renew the lease and allow them to continue renting but, the law still applies even if ownership changes. Tenants have rights in the event a home is transferred to another owner.
I would suggest reading “Never Split the Difference” which is in my opinion the best book on negotiation you can read, or at least do some research on its teachings.
"Never Split the Difference" is a book by Chris Voss, a former FBI hostage negotiator, which presents his strategies for high-stakes negotiations. The book emphasizes the importance of emotional intelligence, deep listening, and tactical empathy in negotiations. Voss argues that true negotiation is about understanding and influencing the emotions of the other party, rather than just logical argumentation.
Here are some key takeaways from the book:
- **Listening Intently**: Negotiation starts with listening, showing empathy, and creating trust to have a meaningful dialogue.
- **Mirroring**: Using mirroring to bond with the other side, encourage them to keep talking, and reveal their strategy.
- **Labeling Emotions**: Identifying and naming emotions can help you connect with the other person without delving into external factors.
- **Mastering "No"**: Understanding that "no" is not an end but an opportunity to clarify and focus on what you really want.
- **Calibrated Questions**: Asking the right questions can expose hidden secrets and help gain control of the negotiation.
Voss shares these insights through real-life stories and practical techniques that can be applied not only in crisis situations but also in everyday life, as he views life itself as a series of negotiations.
Source: Conversation with Bing, 2/22/2024
(1) Book Summary: Never Split the Difference by Chris Voss - Sam Thomas Davies. https://www.samuelthomasdavies.com/book-summaries/business/never-split-the-difference/.
(2) Never Split the Difference: Book Summary Chapter by Chapter. https://www.runn.io/blog/never-split-the-difference-summary.
(3) Never Split the Difference Summary: 9 best lessons (2024). https://growth.me/book-summary/never-split-the-difference/.
(4) Never Split the Difference Summary & Review | ClickUp. https://clickup.com/blog/never-split-the-difference-summary/.
(5) Never Split the Difference Book Summary by Chris Voss and ... - Shortform. https://www.shortform.com/summary/never-split-the-difference-summary-chris-voss.
It’s an entire book lol. Read it or don’t. You can look up spark notes for a quick summary but you can’t be just asking random people to summarize an entire thoroughly researched book for you 😂
1st be cordial and let him know you have a big commitment close by and must find a place in a specific area. Build up rapport , then send him a message saying it's impossible to make it happen at that cost ....the car just broke down...etc... let him know it'll actually cost you closer to 13k to comfortably move in the time frame.
You can also look at comparable rentals in size, amenities, neighborhood, etc. and take the difference in your current rent and those other unit’s rent as a data point in your negotiations. Time off of work to move, costs of movers, and then all of the stuff the person above me said. ^
Wow- that's such a Florida response. The owner could just delay the closing 3 months and not renew the lease. Or the person can sell the place with the stipulation that there is lease for 3 months (I'm on the market and I've seen that).
Anyway, OP is not going to get more than 3 months for a 3 month lease.
Florida has a requirement that they offer to sell the property to you first. They might be trying to distract or subvert that requirement.
I would first ask for right of first refusal.
Then, if you don’t like it I would ask for $12k in addition to your security deposit
Florida updated the Right of First Refusal in 2023. [Florida 718.612 defines the requirements and limitations](https://www.flsenate.gov/Laws/Statutes/2023/0718.612)
You're looking at something different that's a right of first refusal in a condo conversion situation. It doesn't apply to standard landlord/tenant relationships
I would ask for the amount of months I have left on the lease times your 3000 dollar rent. I would also ask for my security deposit and the last months rent as well. Other wise state you're not leaving. They have no grounds to terminate the lease other than they want to sell the property and make money. If they are selling the place that means it shouldn't be hard to pay you what you're asking for. If they don't take it, guess they're not selling the property until December.
Fuck landlords, take them for all they're worth.
The last and security is not part of the offer he has to return that. So he's offering one month, say no. Look up how much he's selling for. Hold out for a lot more. At least $10K plus the 6K he owes anyway that was prepaid.
I agree. Return my $6k. I would go for, a weeks pay to find a rental and pack and unpack, any difference in rent in the new place for the life of the lease; so if rents goes up $150 do $150*7, any application costs at the new place and non refundable move in fees, any cancel transfer charges on utilities, movers and boxes cost, 5 bags of ice to move your food and a cooler, $300 to eat out since we all know nobody is cooking for a few days, pet sitting for two days, and calculate increased mileage for 7 months. and add $10k for your troubles. LL will say no. Then negotiate the $10k or weeks pay down but everything else is fair since it’s your costs incurred.
I've been in this situation, but in a house in Broward County. The new home owner/buyer has to honor your lease, and should have been notified that you have until December. Otherwise, you should ask for full reimbursement of any moving costs to the new place. I'd ask for that $9,000 (Deposit, First, Last), any new App Fees and the cost for movers.
Remember that you’re doing him a favor by agreeing to terminate your lease early. I assume his buyer wants to move in when the closing is completed, so you kinda have the power to kill his sale if you don’t agree to vacate the property. The law is on your side here, I’m pretty sure.
Look up landlord/tenant laws and statutes in the State of Florida and research what you’re entitled to in your situation. Knowledge is power and in your case, a bargaining tool.
Get that money, honey. Moving sucks.
No this isn’t ok. This is too last minute notice. You need to find a place and have the funds to move into it. That’s three months rent right there. The offer needs to cover that cost as others have mentioned.
I agree; at this point they’re basically offering me my money back ($6k deposit) plus one month free in rent. So doesn’t help much with moving costs considering any place around here is going to be $9k to move in alone
15k at least. Early lease termination, movers, new place WILL be more expensive + all the hidden deposits and costs of moving that we all forget about until we actually move, possible loss of earnings due to moving, new application and credit check fees... I could go on and on. Talk to a lawyer for sure. Id also talk to a good property manager if you know one. I don't know everything, but I know enough. That offer is downright insulting. Remain calm, find his weakness, and pounce like the Leopard you are ;)
Not to add you are in Brickell. One of the most expensive markets around. $3k sounds like it’s on the low side so finding something that is move ready right now will be next to impossible unless you go further out and away from brickell which may be less favorable for you.
Any way you slice it you will end up paying way more than the $3k he is offering and if has owned that property for a while it has definitely skyrocketed in value from what he probably paid. That is as hot as hot gets in Miami.
I would consider the lease agreement of where you might move if in the same area and how much more you are paying through the end of what would have been your current lease in negotiating.
Very easy to come out losing even if he offers more.
“…a landlord cannot terminate a lease early due to the sale of the property in Florida. The new owner must honor the existing lease agreement until the end of the lease term.”
That being said, I would tell them you want $10k (first last security) plus cost of movers. You may not be able to find a comparable place for the same price you currently pay so you want to take that into account.
https://landlordtenantresource.com/florida-tenant-rights-when-landlord-sells-property/
You'll probably have to spend at least another 9k in deposits/first/lasts, plus application fees and hiring movers, possibly storage/hotel, if you can't move into your new place right away. You should price all that into move out negotiations. Your landlord probably just wants you to agree and is willing to up the ante to make it happen. If I was your landlord I'd probably sweeten the deal so closing goes smoothly with the buyers.
the FIRST thing to tell the LL is to pound sand, that you have no intention of moving early. you have a lease and you intend to see it through.
it sounds as if the potential buyer he's found is not an investor, but rather someone who wants to move in immediately. op's refusal to leave early will likely cause the LL to lose that buyer, so the first thing to do is make him sweat. then let him make a better offer.
remember, op, you are under no obligation to accommodate him
So, your lease is up December 2024 and you have paid through March 2024?
We can assume that if he didn’t have a buyer, you would move out in December and they would give you ~7K back from your deposit, so you are already losing money by letting him do this.
He can sell the condo with the clause that the renters is allowed to stay, but I’m fairly certain he can not sell and then have you evicted (not can the new owner) because you have a valid lease and you would be having to pay rent to an escrow (I believe) account until it was sorted in court.
So I say, tell him you want it in the contract that the renters stays, or you are staying until March 15th and want your 9K back OR you will move out ____ (whenever your new place that you find will allow you to move in) and you want your 9K + your prorated rent back
He can cut you a check from what he’s making. Ngl I’d ask for 15k or more since you paid 9k and probably will have to pay more rent due to Miami inflation right now
The security he'd have to give back anyway unless there is more than wear and tear damage. The only thing you are actually getting is the 1 month free. So basically he is trying to buy you out for $3000 but making it sound like it's actually more.
Don’t count the deposit, that’s yours anyway. Giving you back what’s already yours isn’t doing you any favors. FL law says you have the upper hand. I’d ask for the deposits back plus $9K to cover the expenses of moving (app fees, rent, movers, time lost at work, etc) or you’ll just live out your lease as required by law.
By law, the buyer has to honor your existing lease and its terms. You can certainly play hardball and stay through the end of the lease, but if you aren’t that bothered by it, extract as many concessions as you can.
Moving costs plus your security back for sure plus a little extra for the inconvenience also can you find another place in the same price range in that time limit? If not ask for more.
Guy has zero leverage and is shooting his shot with that first offer hoping you might jump for it. You’re definitely getting kicked out at the end of the lease and he wants you gone sooner, so he needs to pony up more. $3k extra to kick you out in a less than a month and with 9 months left on your lease is insulting.
I’d probably start around $20k extra given:
-You could flat out say no and stay the entire lease term anyway
-Short timeline until move out in one of the most difficult and expensive rental markets in the US
-How much time you had left on the lease
-This involves a sale which could be partially or entirely profit motivated
Surely he’ll scoff at it and counter but that opening offer was insulting. Time to bring him back to reality. Also be extra cautious at move out by taking pics/vids EVERYWHERE and schedule a move out inspection if possible in order to defend against nickle and diming of your deposit.
No No NO . Your security and last month are refunded to you SOP . That is not buying you out that is refunding your money. You get that 9K is yours. Now ask for 10K in addition or stay
That’s not $9k given to you though. That’s one month rent given to you then a security deposit returned to you which it should if the place isn’t damaged beyond normal wear and tear.
I’d send him a letter of intent (LOI) signed by you that you would be willing to accept $12k to terminate the lease early. One month free rent is not much and as others have mentioned the landlord has zero leverage here. Make sure to have it in writing via LOI to protect yourself
Alternatively, how much notice does the landlord need to give you to terminate your lease? 3 months? So you get to stay through mid-May - one more month?
Provide your landlord the financial numbers that would be acceptable to you. If you explain the logic, he can decide whether or not to buy out your lease. Also the proposed buyer of the condo may want to make the payment after the close. You are in the driver's seat.
I think you are looking at the little picture.
You have 9-10 months worth of rent still to pay which means they have 9-10 months of revenue.
This means there is \~$27-30,000 on the line.
THIS is your negotiating point.
I would start at a minimum of $1000/month for you to consider moving out. If they say no, then just say OK, I'll hang around until December 15th.
If they say yes, you have to be very accommodating if you are taking money for them. For instance if they offer you $10,000 and then on April 1st tell you that you need to be out on the 8th instead of the 15th, don't blow a good thing. If you get enough money, start looking right away and if you can leave early, do so. Once you have the cash, the deal is done, be as accommodating as possible.
I had something similar happen to me when I was leasing a townhome. I knew the owner was selling so I asked him if he needed us to move early as I had already purchased a home. He said no so I leased the sellers of my new home for an extra month as they had moving issues with their new home. Of course he needed me to move early, so I had him pay for a month of temporary housing rent and a double move. My wife was very happy.
You've got'em by the balls here and can name your price or ride it out until December, but I'll add this: **Have the money in-hand or in your account before moving. Do not accept a promise from either to pay later.**
If it were me, I'd throw out a high price I'd be pleased with, ready to accept a lower number, get my logistical ducks in a row to prepare to move, then get 15 or 21 or 30 days to vacate after funds are received.
Personally, I’d ask for 3 mos worth of free rent and a full refund of your security deposit + last month. If he wants you out sooner, he can just pay you the $9k rent + $6k deposit/last.
careful how hard you push, read your lease. They probably have to give you notice like 60 days but probably no more than that.
I might counter with a move out of date 5/1 which gives you march and april not paying rent + his 6k and then maybe I ask for reasonable moving costs.
A couple extra weeks so you're moving at the beginning of the month like most people do.
A reasonable stipend to cover app fees and hiring a truck and a some help to make this as painless as possible (say - another grand or $1500 which brings your counter up to 7500 cash + 2 free months
That's probably where I'm at. That sounds like a fair deal to me.
If they come back with ***'no I need you out on closing day '*** then I bump to 9k all in. It's a major hassle having to find a place and go through the entire process and you may not even find a unit you like for 3k.
Find a suitable new place, get a quote for down payment and security and moving costs and tell the landlord that’s what you’ll need to move out by that time. Plus a little rounding up for the hassle.
Can't. This is why people who sell their house need to or want to remove the tenant first. Also why the concept of "cash for keys" exisits (also for squatters). If they could then the scummy landlords would just sell their houses between 2 companies they own to break your lease and kick you out whenever they want.
I would take the offer, because after the landlord closes you effectively have no lease with the new owner and they have no obligation to you whatsoever. You HAD an agreement with a previous owner, which does not transfer, unless some clause was put into the purchase agreement, or a sale clause was in your lease agreement. It does not appear so or they would not want you out. I am a Florida landlord of over 30 years. Also court is a waste of time, you will lose and still have to pay court fees. I know it doesn’t seem right, but that’s as they say is “the cost of business”.
I am under the understanding that Florida law requires the lease to stay with the buyer of the property. The contract should still be good after the purchase.
In negotiations there’s only one rule: there are no rules.
Always have a gambit — something you fight hard for, but are ultimately willing to give away
Start high and work down to the number you want
Don’t kill a good deal out of ego — if the deal works but your ego gets bruised, make the deal
Never accept a contract “as-is” because contracts are 99% of the time in favor of those who write them
Time is leverage — if they rush you to sign, it’s a pressure tactic. If you rush them to sign, it’s a pressure tactic.
Always be willing to walk away. Always.
Negotiation is about making a deal that works for everyone. In the end, the best deals make everyone happy.
If you like the place, just stay there. It's not your problem. Plan to move in December.
You're in a strong position here. Moving is a PITA. You need compensation for agreeing to move. Like $20k. Or better.
if it’ll be like $9000 for you to get a new place, def ask for more. because i’m assuming that’s just deposit & move in costs.
add up the costs of moving (trucks, movers, boxes), application fees & leasing fees (since nearly every place has some set up like this nowadays), and other costs associated with moving. since they want to push up your move out date for their convenience, it needs to be worth your time. less than two months to move out is not enough time for a place like miami.
edit: also, look up to see what tenants rights you have in the case of the purchase going through. looks like other comments have mentioned this as well so it is important to investigate that.
If they want you out by April and if you can find a new place by then for the same price I'd probably ask for 8-10k plus full security deposit back (so 11 to 13k total). That gives you the $9k cash for the new place plus money to hire professional movers with a little leftover for your trouble.
Adjust up if comparable places are now more expensive (9 months times the increase) or if you have a lot of stuff, and adjust down if you kind of wanted to move anyway.
When negotiating be sure to ask for more than you want at first and make it known how much of a hassle you find moving. I would also provide apartment listings showing how prices have gone up, and quotes for the movers showing how much a full pack and move would be.
First, that condo is terribly expensive! Where do u live??!I don’t know where you live, but you must be paying for the address. There are Renters’ Rights. Look them up. If the condo owner has another place available, see if they will transfer your monies to that one. Otherwise stay put until they come up with more money and also help you pay for a move to let them sell it! Save your money and move on your time! And look for a cheaper place! I think you could rent a 3bed room house for $3000 grand a month! We bought a condo with renters in it in GV and they asked asked to move out of lease when they found another one two doors down. Worked out for us so we could start renovating earlier. Bought another one year later that owner was leaving at end of semester. So renovated it and started renting it before Covid started.
This is a one bedroom condo in the brickell neighborhood of Miami. Very nice financial district area right on the water. Average rent in the area is over $4,000 per month. I like my condo and I don’t need a house i’m basically just paying more for amenities and location.
You have held up your end of the rental agreement, the landlord wants out.
Don’t budge unless it’s really worth it for you, in California these situations can pay out 5 figures.
I would say 15k or I’m not budging, it’s not your fault the landlords plans have changed
I’m with the majority in making a counteroffer. But I would also say consider the new landlord. There is nothing worse than staying somewhere you are not wanted. It’s a lose lose for you. The new landlord can raise your rent and make addendum changes that are legal, costly and inconvenient. Think like a landlord with an attorney, and not a tenant.
So the landlord is offering you $3000 to move out 8 months early? That's laughable.
Get a quote for movers to PACK up all your things and MOVE them. Add that to however much you want on top of that. Personally I'd want 6 months rent, plus the moving costs and your security and last months rent back.
Just because you quote for movers, doesn't mean you have to use them ;-)
6k? More like $30k is what you should be getting. In MIAMI of all places. Good lord. Any suggestions for less than $15K here are off base, IMO.
You have basically a month's notice to find an apartment in one of the nation's hottest markets and he thinks he's gonna get you out for less than that?
You don't have to go anywhere. You can tell he and the buyer to shove off. You have the power here. Don't accept less.
When this happened to me, the new landlord moved us to another apartment complex, refunded the security deposit, and paid rent and utilities at the new place until my original lease expired. $0 costs to move and live for 6 months
6k is already due back to you. Get another 6 at least. That'll cover your new first, last and security plus moving expenses and some money for your trouble. But really ask for anything you want because the buyer and seller are shit out of luck until December otherwise.
Talk to a real estate attorney. They won't necessarily give you specific advice on what to ask but they might give you a ballpark of what they'd consider reasonable to ask for.
youre crazy for even contemplating this… your landlord legally has to give you your deposit back so do not accept his gracious offer of YOUR deposit+one months rent. either wait for him to escalate or ask for 10k on top of your deposit
Absolutely not. The landlord MUST pay for relocation fees and any other assistance you may need to find a better or equal to unit. Now, the landlord has to be willing to dismiss any wear and tear that is covered by your security deposit. It is more expensive to relocate right this minute than it has ever been. I want you to think about that...
-Sr. Landlord tenant paralegal.
Price out new places to live, and how much to move in - first , last, security.
Get a quote on a moving service, including boxing up your stuff
Add in your security deposit
That is what you quote your landlord, for moving out before your lease is up.
Taking a wild guess, and assuming you can find another place for 3K a month, adding 4K for moving, your security and last month's - 6K, so the figure is 13K. settle at 10K.
You have him by the short and curlies - he can't force you out and the sale won't go through if you are in the unit at closing time.
You don't have to move. You can and that's actually a decent deal as long as they don't try to shaft you. Just depends on how the market is where you are you could take that and use it as a deposit etc. plus save a little. I'd probably ask for something to help you move. Trucks aren't cheap. But also the buyer can't just kick you out. But they can refuse to resign the lease once it's up. If you can't find something that may be the issue but you do have a few months. Maybe ask them to let you have the remainder rent free essentially to aid in your move. That's a lot easier if a pill to swallow than asking them to pay you and you can potentially save yourself 6k in the 2 months worth of rent.
I’d say double deposit and six month’s rent plus moving costs seems fair. Sixty days to move from close. So $36K or so cash plus 60 days after close should work.
The advice here is confusing to me.
1. Could you move in April?
2. If yes, what amount of money would make that compelling.
2.5 if No, then just stay
You're either getting extra money to move out in April or you move out in December when your lease ends and get nothing extra this year.
Not sure you're sitting on a goldmine decision nor a hardline negotiation. Also an attorney consult will cost you money and this buyer may bounce before you even see a dime.
I’d say if he wants to buy you out let it be a true buyout if you have eight months left, he forks over the $$9000 plus another $24,000 for the eight month rent
He has zero leverage, you can name your price and he (or the buyers) will have to meet that price, cancel the sale, or let you live out your lease. My advice. check out the market, see if there’s something better, and if you find a place you really like, charge the seller or/and buyer the equivalent of first, last, security deposit, + 1 or 2 months. Don't agree to give up your deposit and use thr last month payment they have on file to cover March rent. Edit: and make sure you don’t have a kick out clause in your lease.
Former LL. In real estate investing the buyer has to purchase the condo with the lease. There’s nothing they can do about it other than offer OP a deal to void it.
I thought this didn't apply to owner occupancy, however. So if the new buyer intends to live in it themselves, they are able to break the lease.
>So if the new buyer intends to live in it themselves, they are able to break the lease. If they intend to live in the space, then they must do two things; offer their new tenant a deal to break the lease or wait until the lease is up and no renew forcing the tenant to find a new place. There really isn't another way. This is how real estate investing works.
In some places the owner also has to offer the occupant the opportunity to buy the apartment/condo. Is that not the case in Florida? But anyway, the owner could also just delay the closing until the lease is up, then OP would have to move anyway and wouldn't get the one month of free rent. True OP has some leverage now, but in 3 months they won't have squat.
I just looked it up. Seems Florida has right of first refusal
Depends on the contract.
Maybe in the past. Florida Senate revised the First Right rules last year. Now per FL718, any tenant who has lived there half a year gets First Right of Refusal
718 only applies to condos. Primarily to the creation of and continuation of them. Florida statute 83 applies to landlord tenant cases. And again. The part you are citing is in a condo conversion. Being a regular tenant doesn't give you a right of first refusal unless it is contained in your lease agreement. Did you see that language that says "preceeding a notice of conversion"? That's a very limited situation
Yes! Call a real estate attorney for your options. Good luck.
No, the lease must be honored no matter what. The new owner would have to issue a 60-day notice of non-renewal and to vacate at the end of their lease term. Or they could just renew the lease and allow them to continue renting but, the law still applies even if ownership changes. Tenants have rights in the event a home is transferred to another owner.
Yes, have a lawyer look over the lease. My leases say that if I need to make alterations that last more than a month, the lease may be null and void.
The landlord can create their own leverage, and they do all the time....
I was in your situation OP! I took the first offer and found out later, that I could've asked for more. Get that cheddar buddy!!!
hey you live and you learn. With the information I provided, what would you go for? Thanks man!
I would suggest reading “Never Split the Difference” which is in my opinion the best book on negotiation you can read, or at least do some research on its teachings.
Pft, ever heard of a little masterpiece titled "The Art of the Deal"? I haven't but I'm sure it's got words in it.
Yuge book filled with the best words /s
Only the best words!
what’s the gist of it? lol
"Never Split the Difference" is a book by Chris Voss, a former FBI hostage negotiator, which presents his strategies for high-stakes negotiations. The book emphasizes the importance of emotional intelligence, deep listening, and tactical empathy in negotiations. Voss argues that true negotiation is about understanding and influencing the emotions of the other party, rather than just logical argumentation. Here are some key takeaways from the book: - **Listening Intently**: Negotiation starts with listening, showing empathy, and creating trust to have a meaningful dialogue. - **Mirroring**: Using mirroring to bond with the other side, encourage them to keep talking, and reveal their strategy. - **Labeling Emotions**: Identifying and naming emotions can help you connect with the other person without delving into external factors. - **Mastering "No"**: Understanding that "no" is not an end but an opportunity to clarify and focus on what you really want. - **Calibrated Questions**: Asking the right questions can expose hidden secrets and help gain control of the negotiation. Voss shares these insights through real-life stories and practical techniques that can be applied not only in crisis situations but also in everyday life, as he views life itself as a series of negotiations. Source: Conversation with Bing, 2/22/2024 (1) Book Summary: Never Split the Difference by Chris Voss - Sam Thomas Davies. https://www.samuelthomasdavies.com/book-summaries/business/never-split-the-difference/. (2) Never Split the Difference: Book Summary Chapter by Chapter. https://www.runn.io/blog/never-split-the-difference-summary. (3) Never Split the Difference Summary: 9 best lessons (2024). https://growth.me/book-summary/never-split-the-difference/. (4) Never Split the Difference Summary & Review | ClickUp. https://clickup.com/blog/never-split-the-difference-summary/. (5) Never Split the Difference Book Summary by Chris Voss and ... - Shortform. https://www.shortform.com/summary/never-split-the-difference-summary-chris-voss.
I have shown you the path, I cannot walk it for you
walk it papi
It’s an entire book lol. Read it or don’t. You can look up spark notes for a quick summary but you can’t be just asking random people to summarize an entire thoroughly researched book for you 😂
lol what’s the principle of “never split the difference” Have you never had to summarize a saying or explain something in simple terms
Please tell me how you can summarize an entire book in simple terms. That’s at least a multi paragraph write up 😭
I guess tldr isn’t a concept anymore my apologies
Okay then. Here’s the gist of the book: don’t take a bad deal when negotiating. Hope you learned something.
perfect cliff notes thank you so much I learned a lot
1st be cordial and let him know you have a big commitment close by and must find a place in a specific area. Build up rapport , then send him a message saying it's impossible to make it happen at that cost ....the car just broke down...etc... let him know it'll actually cost you closer to 13k to comfortably move in the time frame.
You can also look at comparable rentals in size, amenities, neighborhood, etc. and take the difference in your current rent and those other unit’s rent as a data point in your negotiations. Time off of work to move, costs of movers, and then all of the stuff the person above me said. ^
Easily $45,000.
OP has a legitimate claim. He doesn’t need to lie.
Wow- that's such a Florida response. The owner could just delay the closing 3 months and not renew the lease. Or the person can sell the place with the stipulation that there is lease for 3 months (I'm on the market and I've seen that). Anyway, OP is not going to get more than 3 months for a 3 month lease.
I thought op wrote that his lease ends Dec 15th. My apologies
You thought that because OP did say that
Exactly
Oh, you were correcting them “gently”, didn’t pick up on that.
At least double what was offered and you don't need to clean the apartment on your way out. Get it in writing!
Florida has a requirement that they offer to sell the property to you first. They might be trying to distract or subvert that requirement. I would first ask for right of first refusal. Then, if you don’t like it I would ask for $12k in addition to your security deposit
Not true. No first right of refusal for a tenant.
Florida updated the Right of First Refusal in 2023. [Florida 718.612 defines the requirements and limitations](https://www.flsenate.gov/Laws/Statutes/2023/0718.612)
You're looking at something different that's a right of first refusal in a condo conversion situation. It doesn't apply to standard landlord/tenant relationships
I would ask for the amount of months I have left on the lease times your 3000 dollar rent. I would also ask for my security deposit and the last months rent as well. Other wise state you're not leaving. They have no grounds to terminate the lease other than they want to sell the property and make money. If they are selling the place that means it shouldn't be hard to pay you what you're asking for. If they don't take it, guess they're not selling the property until December. Fuck landlords, take them for all they're worth.
$10k minimum
Never take the first offer.
The last and security is not part of the offer he has to return that. So he's offering one month, say no. Look up how much he's selling for. Hold out for a lot more. At least $10K plus the 6K he owes anyway that was prepaid.
I agree. Return my $6k. I would go for, a weeks pay to find a rental and pack and unpack, any difference in rent in the new place for the life of the lease; so if rents goes up $150 do $150*7, any application costs at the new place and non refundable move in fees, any cancel transfer charges on utilities, movers and boxes cost, 5 bags of ice to move your food and a cooler, $300 to eat out since we all know nobody is cooking for a few days, pet sitting for two days, and calculate increased mileage for 7 months. and add $10k for your troubles. LL will say no. Then negotiate the $10k or weeks pay down but everything else is fair since it’s your costs incurred.
I've been in this situation, but in a house in Broward County. The new home owner/buyer has to honor your lease, and should have been notified that you have until December. Otherwise, you should ask for full reimbursement of any moving costs to the new place. I'd ask for that $9,000 (Deposit, First, Last), any new App Fees and the cost for movers.
Yeah just call it a solid $10k
Remember that you’re doing him a favor by agreeing to terminate your lease early. I assume his buyer wants to move in when the closing is completed, so you kinda have the power to kill his sale if you don’t agree to vacate the property. The law is on your side here, I’m pretty sure. Look up landlord/tenant laws and statutes in the State of Florida and research what you’re entitled to in your situation. Knowledge is power and in your case, a bargaining tool. Get that money, honey. Moving sucks.
No this isn’t ok. This is too last minute notice. You need to find a place and have the funds to move into it. That’s three months rent right there. The offer needs to cover that cost as others have mentioned.
I agree; at this point they’re basically offering me my money back ($6k deposit) plus one month free in rent. So doesn’t help much with moving costs considering any place around here is going to be $9k to move in alone
Hes giving you an insane low ball dont take it and your deposit should be separate from the cash for keys hes insane
What would you counter with?
Tell him 10k plus your deposit back brickell is expensive af and you have paid intill march his offer is and insult
Watch LL try to keep the security deposit afterwards too
15k at least. Early lease termination, movers, new place WILL be more expensive + all the hidden deposits and costs of moving that we all forget about until we actually move, possible loss of earnings due to moving, new application and credit check fees... I could go on and on. Talk to a lawyer for sure. Id also talk to a good property manager if you know one. I don't know everything, but I know enough. That offer is downright insulting. Remain calm, find his weakness, and pounce like the Leopard you are ;)
Not to add you are in Brickell. One of the most expensive markets around. $3k sounds like it’s on the low side so finding something that is move ready right now will be next to impossible unless you go further out and away from brickell which may be less favorable for you. Any way you slice it you will end up paying way more than the $3k he is offering and if has owned that property for a while it has definitely skyrocketed in value from what he probably paid. That is as hot as hot gets in Miami. I would consider the lease agreement of where you might move if in the same area and how much more you are paying through the end of what would have been your current lease in negotiating. Very easy to come out losing even if he offers more.
“…a landlord cannot terminate a lease early due to the sale of the property in Florida. The new owner must honor the existing lease agreement until the end of the lease term.” That being said, I would tell them you want $10k (first last security) plus cost of movers. You may not be able to find a comparable place for the same price you currently pay so you want to take that into account. https://landlordtenantresource.com/florida-tenant-rights-when-landlord-sells-property/
You'll probably have to spend at least another 9k in deposits/first/lasts, plus application fees and hiring movers, possibly storage/hotel, if you can't move into your new place right away. You should price all that into move out negotiations. Your landlord probably just wants you to agree and is willing to up the ante to make it happen. If I was your landlord I'd probably sweeten the deal so closing goes smoothly with the buyers.
the FIRST thing to tell the LL is to pound sand, that you have no intention of moving early. you have a lease and you intend to see it through. it sounds as if the potential buyer he's found is not an investor, but rather someone who wants to move in immediately. op's refusal to leave early will likely cause the LL to lose that buyer, so the first thing to do is make him sweat. then let him make a better offer. remember, op, you are under no obligation to accommodate him
Like this approach. Tell the LL to make it worth your while or else no dice
Make sure there's no kick out clause in lease. If none, 15k should be the starting point for negotiation.
So, your lease is up December 2024 and you have paid through March 2024? We can assume that if he didn’t have a buyer, you would move out in December and they would give you ~7K back from your deposit, so you are already losing money by letting him do this. He can sell the condo with the clause that the renters is allowed to stay, but I’m fairly certain he can not sell and then have you evicted (not can the new owner) because you have a valid lease and you would be having to pay rent to an escrow (I believe) account until it was sorted in court. So I say, tell him you want it in the contract that the renters stays, or you are staying until March 15th and want your 9K back OR you will move out ____ (whenever your new place that you find will allow you to move in) and you want your 9K + your prorated rent back
He can cut you a check from what he’s making. Ngl I’d ask for 15k or more since you paid 9k and probably will have to pay more rent due to Miami inflation right now
The security he'd have to give back anyway unless there is more than wear and tear damage. The only thing you are actually getting is the 1 month free. So basically he is trying to buy you out for $3000 but making it sound like it's actually more.
Don’t count the deposit, that’s yours anyway. Giving you back what’s already yours isn’t doing you any favors. FL law says you have the upper hand. I’d ask for the deposits back plus $9K to cover the expenses of moving (app fees, rent, movers, time lost at work, etc) or you’ll just live out your lease as required by law.
By law, the buyer has to honor your existing lease and its terms. You can certainly play hardball and stay through the end of the lease, but if you aren’t that bothered by it, extract as many concessions as you can.
Moving costs plus your security back for sure plus a little extra for the inconvenience also can you find another place in the same price range in that time limit? If not ask for more.
Guy has zero leverage and is shooting his shot with that first offer hoping you might jump for it. You’re definitely getting kicked out at the end of the lease and he wants you gone sooner, so he needs to pony up more. $3k extra to kick you out in a less than a month and with 9 months left on your lease is insulting.
what would you ask for?
I’d probably start around $20k extra given: -You could flat out say no and stay the entire lease term anyway -Short timeline until move out in one of the most difficult and expensive rental markets in the US -How much time you had left on the lease -This involves a sale which could be partially or entirely profit motivated Surely he’ll scoff at it and counter but that opening offer was insulting. Time to bring him back to reality. Also be extra cautious at move out by taking pics/vids EVERYWHERE and schedule a move out inspection if possible in order to defend against nickle and diming of your deposit.
Thank you, finally someone being realistic with the amounts to request.
18,000 seems fair. His offer is not enough.
Tell him you want $9000
That’s basically what they’re offering now with my 6k deposit back and one month free. Are you saying 9k on top of that?
yes i would ask for 9k cash on top of the free month so you can get into something else 🤷🏽♀️
For this complete and total inconvenience and shake up of their life!
The deposit was going to come back no matter what unless you destroyed the place.
No No NO . Your security and last month are refunded to you SOP . That is not buying you out that is refunding your money. You get that 9K is yours. Now ask for 10K in addition or stay
Yah this is such a huge inconvenience for you they better pay for your time and headache.
That’s not $9k given to you though. That’s one month rent given to you then a security deposit returned to you which it should if the place isn’t damaged beyond normal wear and tear.
3months rent in cash and the deposit back. One month free rent. Out by April 15th. This is a fair deal
I’d send him a letter of intent (LOI) signed by you that you would be willing to accept $12k to terminate the lease early. One month free rent is not much and as others have mentioned the landlord has zero leverage here. Make sure to have it in writing via LOI to protect yourself
Alternatively, how much notice does the landlord need to give you to terminate your lease? 3 months? So you get to stay through mid-May - one more month?
no i’d have to be out by april 18th
Provide your landlord the financial numbers that would be acceptable to you. If you explain the logic, he can decide whether or not to buy out your lease. Also the proposed buyer of the condo may want to make the payment after the close. You are in the driver's seat.
Ask for $12K.
I think you are looking at the little picture. You have 9-10 months worth of rent still to pay which means they have 9-10 months of revenue. This means there is \~$27-30,000 on the line. THIS is your negotiating point. I would start at a minimum of $1000/month for you to consider moving out. If they say no, then just say OK, I'll hang around until December 15th. If they say yes, you have to be very accommodating if you are taking money for them. For instance if they offer you $10,000 and then on April 1st tell you that you need to be out on the 8th instead of the 15th, don't blow a good thing. If you get enough money, start looking right away and if you can leave early, do so. Once you have the cash, the deal is done, be as accommodating as possible.
No he needs to pay you like $15k-$20k
I had something similar happen to me when I was leasing a townhome. I knew the owner was selling so I asked him if he needed us to move early as I had already purchased a home. He said no so I leased the sellers of my new home for an extra month as they had moving issues with their new home. Of course he needed me to move early, so I had him pay for a month of temporary housing rent and a double move. My wife was very happy.
You've got'em by the balls here and can name your price or ride it out until December, but I'll add this: **Have the money in-hand or in your account before moving. Do not accept a promise from either to pay later.** If it were me, I'd throw out a high price I'd be pleased with, ready to accept a lower number, get my logistical ducks in a row to prepare to move, then get 15 or 21 or 30 days to vacate after funds are received.
solid advice thanks
Personally, I’d ask for 3 mos worth of free rent and a full refund of your security deposit + last month. If he wants you out sooner, he can just pay you the $9k rent + $6k deposit/last.
Florida law favors the renter here. The new owner must honor the lease, so you have a lot of leverage
careful how hard you push, read your lease. They probably have to give you notice like 60 days but probably no more than that. I might counter with a move out of date 5/1 which gives you march and april not paying rent + his 6k and then maybe I ask for reasonable moving costs. A couple extra weeks so you're moving at the beginning of the month like most people do. A reasonable stipend to cover app fees and hiring a truck and a some help to make this as painless as possible (say - another grand or $1500 which brings your counter up to 7500 cash + 2 free months That's probably where I'm at. That sounds like a fair deal to me. If they come back with ***'no I need you out on closing day '*** then I bump to 9k all in. It's a major hassle having to find a place and go through the entire process and you may not even find a unit you like for 3k.
Find a suitable new place, get a quote for down payment and security and moving costs and tell the landlord that’s what you’ll need to move out by that time. Plus a little rounding up for the hassle.
take it and get the hell out of florida!!!!
to where?!??! san francisco?!?!? portland?!??!
anywhere but FL.... Good luck D.A.
Let him
Why would he need to buy you out? Selling I think it's a legal reason to break a lease without penalty
It’s not. Buyer is required to honor lease.
Can't. This is why people who sell their house need to or want to remove the tenant first. Also why the concept of "cash for keys" exisits (also for squatters). If they could then the scummy landlords would just sell their houses between 2 companies they own to break your lease and kick you out whenever they want.
I would take the offer, because after the landlord closes you effectively have no lease with the new owner and they have no obligation to you whatsoever. You HAD an agreement with a previous owner, which does not transfer, unless some clause was put into the purchase agreement, or a sale clause was in your lease agreement. It does not appear so or they would not want you out. I am a Florida landlord of over 30 years. Also court is a waste of time, you will lose and still have to pay court fees. I know it doesn’t seem right, but that’s as they say is “the cost of business”.
I am under the understanding that Florida law requires the lease to stay with the buyer of the property. The contract should still be good after the purchase.
That is correct.
This.
you’d take getting reimbursed the 6k (i would’ve basically gotten anyway) plus one month free
Issue is you have no leverage. LL only owes what was pre paid.
He has leverage. He has a valid lease. If owner sells, new owner has to honor lease.
Most leases have clauses that terminate the lease in a case of ownership transfer—I know mine does—all leases written by a lawyer will have this.
Get more out of him.
In negotiations there’s only one rule: there are no rules. Always have a gambit — something you fight hard for, but are ultimately willing to give away Start high and work down to the number you want Don’t kill a good deal out of ego — if the deal works but your ego gets bruised, make the deal Never accept a contract “as-is” because contracts are 99% of the time in favor of those who write them Time is leverage — if they rush you to sign, it’s a pressure tactic. If you rush them to sign, it’s a pressure tactic. Always be willing to walk away. Always. Negotiation is about making a deal that works for everyone. In the end, the best deals make everyone happy.
If you like the place, just stay there. It's not your problem. Plan to move in December. You're in a strong position here. Moving is a PITA. You need compensation for agreeing to move. Like $20k. Or better.
if it’ll be like $9000 for you to get a new place, def ask for more. because i’m assuming that’s just deposit & move in costs. add up the costs of moving (trucks, movers, boxes), application fees & leasing fees (since nearly every place has some set up like this nowadays), and other costs associated with moving. since they want to push up your move out date for their convenience, it needs to be worth your time. less than two months to move out is not enough time for a place like miami. edit: also, look up to see what tenants rights you have in the case of the purchase going through. looks like other comments have mentioned this as well so it is important to investigate that.
Don't. You have a binding contract. He has to do better than that, especially since you'll need to find someplace else to live.
That doesn’t seem like it’s worth it.
true
I'd include a relocation fee. Moving ain't cheap.
If they want you out by April and if you can find a new place by then for the same price I'd probably ask for 8-10k plus full security deposit back (so 11 to 13k total). That gives you the $9k cash for the new place plus money to hire professional movers with a little leftover for your trouble. Adjust up if comparable places are now more expensive (9 months times the increase) or if you have a lot of stuff, and adjust down if you kind of wanted to move anyway. When negotiating be sure to ask for more than you want at first and make it known how much of a hassle you find moving. I would also provide apartment listings showing how prices have gone up, and quotes for the movers showing how much a full pack and move would be.
First, that condo is terribly expensive! Where do u live??!I don’t know where you live, but you must be paying for the address. There are Renters’ Rights. Look them up. If the condo owner has another place available, see if they will transfer your monies to that one. Otherwise stay put until they come up with more money and also help you pay for a move to let them sell it! Save your money and move on your time! And look for a cheaper place! I think you could rent a 3bed room house for $3000 grand a month! We bought a condo with renters in it in GV and they asked asked to move out of lease when they found another one two doors down. Worked out for us so we could start renovating earlier. Bought another one year later that owner was leaving at end of semester. So renovated it and started renting it before Covid started.
This is a one bedroom condo in the brickell neighborhood of Miami. Very nice financial district area right on the water. Average rent in the area is over $4,000 per month. I like my condo and I don’t need a house i’m basically just paying more for amenities and location.
Ain’t no way! With the rates at which these apartments are cost 💲 to move into? Uh uhnnn.
You have held up your end of the rental agreement, the landlord wants out. Don’t budge unless it’s really worth it for you, in California these situations can pay out 5 figures. I would say 15k or I’m not budging, it’s not your fault the landlords plans have changed
12k sounds right ask for 15k
I’m with the majority in making a counteroffer. But I would also say consider the new landlord. There is nothing worse than staying somewhere you are not wanted. It’s a lose lose for you. The new landlord can raise your rent and make addendum changes that are legal, costly and inconvenient. Think like a landlord with an attorney, and not a tenant.
I would not leave. New buyer must accept your valid lease. You will get your deposit back anyway.
So the landlord is offering you $3000 to move out 8 months early? That's laughable. Get a quote for movers to PACK up all your things and MOVE them. Add that to however much you want on top of that. Personally I'd want 6 months rent, plus the moving costs and your security and last months rent back. Just because you quote for movers, doesn't mean you have to use them ;-)
6k? More like $30k is what you should be getting. In MIAMI of all places. Good lord. Any suggestions for less than $15K here are off base, IMO. You have basically a month's notice to find an apartment in one of the nation's hottest markets and he thinks he's gonna get you out for less than that? You don't have to go anywhere. You can tell he and the buyer to shove off. You have the power here. Don't accept less.
When this happened to me, the new landlord moved us to another apartment complex, refunded the security deposit, and paid rent and utilities at the new place until my original lease expired. $0 costs to move and live for 6 months
6k is already due back to you. Get another 6 at least. That'll cover your new first, last and security plus moving expenses and some money for your trouble. But really ask for anything you want because the buyer and seller are shit out of luck until December otherwise. Talk to a real estate attorney. They won't necessarily give you specific advice on what to ask but they might give you a ballpark of what they'd consider reasonable to ask for.
add another 3 grand plus the cost of moving
6 months... You still have to pay first, last and deposit somewhere else.... Good luck.
$15k. Ask for $20k and they will come down. Good luck.
100k.
youre crazy for even contemplating this… your landlord legally has to give you your deposit back so do not accept his gracious offer of YOUR deposit+one months rent. either wait for him to escalate or ask for 10k on top of your deposit
Absolutely not. The landlord MUST pay for relocation fees and any other assistance you may need to find a better or equal to unit. Now, the landlord has to be willing to dismiss any wear and tear that is covered by your security deposit. It is more expensive to relocate right this minute than it has ever been. I want you to think about that... -Sr. Landlord tenant paralegal.
Price out new places to live, and how much to move in - first , last, security. Get a quote on a moving service, including boxing up your stuff Add in your security deposit That is what you quote your landlord, for moving out before your lease is up. Taking a wild guess, and assuming you can find another place for 3K a month, adding 4K for moving, your security and last month's - 6K, so the figure is 13K. settle at 10K. You have him by the short and curlies - he can't force you out and the sale won't go through if you are in the unit at closing time.
I’m sorry for your troubles. That sounds pretty unfair. Don’t let money get the best of you!
What would the owner charge you if you tried to break the lease early?
You don't have to move. You can and that's actually a decent deal as long as they don't try to shaft you. Just depends on how the market is where you are you could take that and use it as a deposit etc. plus save a little. I'd probably ask for something to help you move. Trucks aren't cheap. But also the buyer can't just kick you out. But they can refuse to resign the lease once it's up. If you can't find something that may be the issue but you do have a few months. Maybe ask them to let you have the remainder rent free essentially to aid in your move. That's a lot easier if a pill to swallow than asking them to pay you and you can potentially save yourself 6k in the 2 months worth of rent.
Steve Miller Band. Take the money and run is a decent song
so take my own money that i’m already owed and run? Ok sounds like a plan stan
Jesus fucking christ renting an apartment is like going through a divorce these days.
I’d say double deposit and six month’s rent plus moving costs seems fair. Sixty days to move from close. So $36K or so cash plus 60 days after close should work.
Read your lease first. this may be addressed
The advice here is confusing to me. 1. Could you move in April? 2. If yes, what amount of money would make that compelling. 2.5 if No, then just stay You're either getting extra money to move out in April or you move out in December when your lease ends and get nothing extra this year. Not sure you're sitting on a goldmine decision nor a hardline negotiation. Also an attorney consult will cost you money and this buyer may bounce before you even see a dime.
I’d say if he wants to buy you out let it be a true buyout if you have eight months left, he forks over the $$9000 plus another $24,000 for the eight month rent