Bargaining utility and rents.
Series: Journal of Property Investment and Finance ; 17(4) 1999, 353-364(7)Publication details: 1999Subject(s): Summary: Analyses the effect of potential lease expiry on the rental negotiation process and levels of rent agreed. Tenants may use the threat of lease termination to gain a rental and/or other concession. The level of concession the landlord makes can be seen as dependent on four variables: the expected landlord's cost of void, the probability of tenant relocation, the landlord's risk preference, and the effects of the bargaining process. A calculation model can be derived from this, however other behavioural aspects will affect the outcome.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS61234 (Browse shelf(Opens below)) | 1 | Available | 101838-1001 |
Analyses the effect of potential lease expiry on the rental negotiation process and levels of rent agreed. Tenants may use the threat of lease termination to gain a rental and/or other concession. The level of concession the landlord makes can be seen as dependent on four variables: the expected landlord's cost of void, the probability of tenant relocation, the landlord's risk preference, and the effects of the bargaining process. A calculation model can be derived from this, however other behavioural aspects will affect the outcome.