Negotiate Lease Renewal for Parking or Storage Perks

Cost Savings

Checklist Tasks

• Research local market rates for parking and storage options as a comparison.
• Request your building’s current vacancy list for parking and storage units.
• Document your on-time payments and positive tenant history.
• Begin negotiations at least 60 days before your lease ends for best leverage.
• List desired incentives with estimated value before contacting management.
• Reference building move-in promotions as precedent in your discussions.
• Send a clear email stating renewal interest and listing requested incentives.
• Offer a longer lease term in exchange for larger incentives if you plan to stay.
• Negotiate to include incentives in the lease addendum for legal enforceability.
• Request a detailed fee breakdown to ensure incentives are not negated by charges.
• Clarify if incentives are one-time or recurring, and get all terms in writing.
• Follow up with a summary email documenting verbal agreements.