A counter offer is an offer made in response to a previous offer by the other party during negotiations for a final contract. It is a new offer made in response to an offer received. It has the effect of rejecting the original offer, which cannot be accepted thereafter unless revived by the offeror. Making a counter offer automatically rejects the prior offer, and requires an acceptance under the terms of the counter offer or there is no contract.
A Guam Letter of Conditional Acceptance — Counter offer to Property Owner from Prospective Tenant is a document that outlines a modified proposal made by a potential tenant to a property owner in Guam. This letter is typically drafted as a response to a formal lease agreement or rental offer from the property owner. By sending a counter offer, the prospective tenant expresses interest in the property while negotiating specific conditions or terms they deem necessary for their tenancy. Keywords: Guam, Letter of Conditional Acceptance, Counter offer, Property Owner, Prospective Tenant. Different types of Guam Letter of Conditional Acceptance — Counter offer to Property Owner from Prospective Tenant: 1. Residential Rental Counter Offer: This type of letter is specific to residential properties in Guam. It includes terms related to the lease duration, rental price, security deposit, maintenance responsibilities, pet policies, and any other conditions the prospective tenant wishes to negotiate. 2. Commercial Lease Counter Offer: This variation of the counter offer letter pertains to commercial properties. It addresses matters such as the lease period, monthly rent amount, common area maintenance charges, signage rights, parking availability, and possible modifications to the property for specific business needs. 3. Retail Space Counter Offer: This type of counter offer letter targets property owners offering retail spaces. It covers aspects such as rental price per square footage, common area fees, operating hours, co-tenancy clauses, marketing contributions, and provisions for lease renewal or termination. 4. Industrial Property Counter Offer: Industrial properties require unique considerations, and this version of the letter delves into factors like zoning restrictions, access to utilities, equipment requirements, subleasing provisions, and specific activities permitted within the premises. 5. Land Lease Counter Offer: When a prospective tenant intends to lease land in Guam for agriculture, construction, or other purposes, this counter offer letter sets forth conditions related to lease duration, rental price per acre or square footage, land use restrictions, allowable improvements, and the potential for lease renewal or expansion. In all types of Guam Letter of Conditional Acceptance — Counter offer to Property Owner from Prospective Tenant, it is vital for the prospective tenant to clearly articulate their offer, proposed changes, and any crucial requirements they may have to ensure a mutually beneficial agreement with the property owner.
