Professional Documents
Culture Documents
NEGOTIATION WORKSHEET
2. FOCUSING ON INTERESTS
As a tenant, my core interest is renting a property that can be easily accessible to my clients and will
provide outmost privacy, while the property should have a good heating and cooling system as per
weather requirement, the rent should be between $1600 to $1800. I would like to start the lease in the
next two months because that will give me enough time to plan my move and communicate the office
relocation to my clients. I would also like a lenient sublet policy, as my job entails traveling for weeks. So,
I would like to be able to sublet the office space to a colleague in my line of business for the duration I
am away. My final interest is the regular
cleaning which will ensure the property is well maintained and appealing for business, so I would like for
the property to be cleaned biweekly. The Landlord would like to rent the property out as soon as
possible at a rate that is a bit higher than comparable property because the property is just renovated,
and upgrades was made to the cooling and heating system. This is attainable because the location of the
property is highly sort after. The Landlord will prefer two weeks’ notice before the property can be
sublet. Cleaning can be arranged on a biweekly basis so that the property can be well maintained.
The following criteria will be the tenant’s reference point during the negotiation.
Based on a market analysis of the vicinity, the prevailing rate monthly lease for a Ninety to One hundred
and fifty square foot office space (90 – 150 SQ. FT) around Chapel Hill is between $1,400 and $1,700
depending on the upgrades done. Common start dates are any time from immediately after lease have
been signed to a month from the lease date. Sublet policy is usually of no issue if the person the space is
being subleased to, is in the same line of business. Cleaning is usually done by the property owners on a
regular basis and at an agreed frequency.
Based on the interest of the Tenant and the Landlord, the above options can be laid out at the
negotiation table. The options listed above are the agreement compromises the tenant feels will be in
the interest of both parties. On the other hand, the points below portray the starting point of the
negotiation, which helps to solidify the negotiation to ensure a win-win, and to avoid a huge shift from
the initial interest whilst negotiating with compassion. The listed initial stance worth an upper range of
4,950 points.
1. The Tenant agrees to pay $1,800 per month while the Landlord is insisting on $2,200.
2. The landlord wants the tenant to move in immediately or within a month after the lease is signed,
while the tenant wants a leeway of 3 to 4 months.
3. The Tenant wants to be able to sublet to people in the same line of business without prior notice to
the landlord, while the landlord wants at least one month notice.
5. NO AGREEMENT ALTERNATIVES
The Best Alternative to A Negotiated Agreement (BATNA) for the tenant is to lease from Beta buildings
with a deal point that is worth 3,350 points. This alternative will be maximized if:
o The Corporate Court space does not match or offer more value (cost, time, flexibility) than the Beta
building
a. Design: This involves building a negotiation framework based on several factors that ensures success
and avoids negotiation difficulty or an unfavorable outcome. For a successful result, I have been able to
research and consider everyone’s point of view in the negotiation process. This will help to achieve a
comprehensive negotiation strategy void of bias and ignorance. Also, developing the negotiation plan
with a goal, agenda, and core message will help me stay on course with my needs. The negotiation plan
and design will help me deal with difficult issues or tactics that might impede having a prompt and
favorable closure.
b. Dig: This includes the identification of the subjective interests of all parties involved. So far, as seen in
this report, I (as the tenant) have been able to plan the negotiation based on my interest and the interest
of other stakeholders especially the landlord. Understanding the landlord’s interest and the interest of
other stakeholders will help to build options/compromises that are considerate of their needs and foster
a long-term relationship. Also, this allows me to understand what is important to all parties and to see
the big picture. To better understand the stakeholders’ interest my plan involves utilizing my people skills
when sharing my interest and asking general, specific, reflective, challenge, and consequence questions,
to help in the analysis of underlying interest or issues, and to make implicit interests explicit.
c. Develop: This entails laying on the table all practical options developed through research criteria and
brainstorming sessions and having an open mind to invite and share options, with the understanding
that idea invention/creation is different from a firm decision. Hence, ideas should not be hoarded before
all the options are laid out.
Also, I have been able to research other no-agreement alternatives to aid the negotiation process and to
serve as a benchmark for the discussion. Reviewing all the available options helps me clearly know when
to walk away from a deal or accept it. To properly evaluate my opportunity costs, I consider the costs and
benefits of every option available and weigh them against each other. Doing this has helped to reach a
resolution that the next best alternative is the Beta Building. Getting to a conclusion might require asking
my negotiating counterparts about their BATNA and sharing mine whilst avoiding any form of threat.
d. Decide: This encompasses generating a momentum to make an objective and efficient closing
decision void of coercion and instead based on a clear conscience and facts. Based on my bottom line,
reaching either a Best Possible Agreement (BPA) or Minimum Possible Agreement (MPA) closure might
require pinpointing my leverage as well as other parties’ competitive advantage, and strategizing to
address difficult tactics.
a. What type of negotiation are you entering? Since the landlord-tenant relationship is something that
would last for the duration of the lease and a cordial relationship is required between both parties, I
consider this negotiation to be a Balanced Concern type of negotiation, as both relationship and
substance matter.
My counterparts are likely to exhibit one or more of the following styles due to their high interest on the
substantive outcome:
i. Competing: They may want to focus more on asserting their own interests and may offer
options that are more favorable to them with the desire to win.
ii. Avoiding: They may want to avoid the negotiation entirely and instead focus on Tenants willing
to adhere to their stipulated terms and conditions.
With relationship been a key focus for me, I would adopt one or the following styles depending on the
direction of the negotiation:
i. Accommodating: I intend to empathize with my landlord’s interests and offer options that serve
us both to foster a good relationship and build trust.
ii. ii. Compromising: I hope to be fair in my negotiation and to look for expedient mutually
acceptable solutions whilst pursuing efficiency and not being too self-interested.
iii. iii. Collaborative: I aim to be creative in solving issues raised by generating new options that
meet shared interests, for mutually satisfying outcomes and relationship.
8. Strategies for dealing with difficult tactics whilst taking into consideration reactions and goals to
reduce negative conflict includes:
a. Increasing Personal Awareness: It mainly involves paying attention to one’s thoughts and feelings,
with the goal of figuring out what bothering issues and avoid frustration.
b. Keep Your Eyes on The Price: It entails not losing sight of one’s goals and staying focused on the
common ground/shared interest especially when frustrated.
c. See Yourself as Difficult: This encompasses empathizing with the opponent’s stand by trying to
understand their rationale. Identifying with your opponent’s motivation would help to stay calm when
emotions are running high.
I will use the “Increasing Personal Awareness” and “See Yourself as Difficult” tactics because combining
this two tactics makes one emotionally intelligent which is an important trait for dealing with difficult
people and difficult situations. Being emotionally intelligent helps to not just be aware of your emotions
but also the emotions of your opponent and allows you respond in an appropriate manner.
9. APPENDIX
You can use an expand-the-pie approach regardless of what the other side does.
Effective negotiators do not just listen to words, they listen for what the other side really cares about.
Strive for a better deal for all parties as you get closer to final agreement.
Criteria Persuasive?
Between $1,400 And $ 1,700 Usual Rent
Between $1,650 And $1,800 Upgraded Space Rent
Start Date from Immediately the Space Is Ready to Within One Month
From No Advance Notice to One Month Sublet Notice
Regular Cleaning at An Agreed Frequency
Landlords’
Tenant With the Highest Option Monthly Rent
Tenant Willing to Start Rent Immediately
Tenant Willing to Provide at least One Month Sublet Notice
Tenant Willing to Accommodate a Biweekly Office Cleaning Policy
D. Design Checklist
Design Checklist
Set Goals
a) Substance:
Both Parties Share Interests
Reach a Favorable Conclusion
Sign Contracts If A Consensus is Reached
b) Relationship:
Trust
Openness
Mutual Respect
Compassion
Clear Communication
Construct an Agenda
a) Agenda:
Introduction
Core Message
Goals
Summary of previous property tour or meeting
Interests Communications
Brainstorming Session
Options Consideration
Agreed Terms & Conditions Communication
Next Steps
Round Table
b) Ground rules:
Brainstorming sessions will be open, and solutions derived will not be committed to without consideration of
other options
Idea inventions will not be considered as decisions
Only one person can speak at a time
Any form of abuse, coercion, or bullying will not be tolerated
The interests of all parties will be considered before reaching a consensus
c) Roles:
Agent: Lead Negotiator
Tenant: Secondary Negotiator
Colleague: Observer
Landlord: Key Stakeholder
Deliver a Core Message
a) Core message:
I am grateful that you have considered my application for the lease of your property. I truly
believe that we could agree on terms that would serve us both extremely well. I am hoping we
can spend today sharing & listening to our interests, perspectives, and options, so we can ultimately
reach a mutually benefiting consensus which hopefully involves a long-term tenant landlord cordial
relationship.
J. Decide Checklist
Decide Checklist
1. Aim for the Best Possible Agreement (BPA)
a) What is the Best Possible Agreement?
Rent of $1600
Flexible sublet notice
Start date of 4 months
b) What is your Minimum Possible Agreement?
Rent of $1800
1 week sublet notice
One month start date
2. Make tentative agreements
a) What tentative agreements might you offer or accept in this meeting?
Cleaning frequency
1 week sublet notice
3. Take the next steps
a) What are the next steps that will get you closer to an agreement on substance?
Research on pending issues
Email supporting documents
Re-inspection of the property to see upgrades discussed
4. Get both parties on the same side
a) What steps will you take to ensure that you and the other party are on the same side?
Taking a Collaborating, Compromising, and Accommodating Approach.
REFERENCES:
NEGOTIATION SKILLS: Simple Strategies to Help You Negotiate Everything.
Lum, Grande. THE NEGOTIATION FIELDBOOK. New York: McGraw Hill, 2011.