TIME TO SIGN 4. BEGIN LEASE NEGOTIATIONS There are typically many sections of a lease that establish the terms of your agreement with the owner. Lease negotiations involve several factors including: Lease rate Length of term Concessions Rate bumps Renewal options The negotiations occur regarding these points and can take anywhere from a few days to several weeks or even months to complete, depending on the complexity of the lease. An owner will also want to establish your financial credibility as a tenant. In other words, you’ll need to establish your trustworthiness to pay the rent due the owner as part of your agreement. Financials and other documents are used to establish this credibility.