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 Letter of Conditional Acceptance — Counter Offer to a Property Owner from a Prospective Tenant in North Carolina serves as a formal response to a rental property offer, outlining specific conditions for accepting the lease agreement. The content may vary depending on the terms negotiated between the tenant and property owner. Some important keywords and types of North Carolina letters of conditional acceptance — counter offers are: 1. Introduction: Begin the letter with a professional greeting and clearly state that it is a counter offer to the property owner's lease agreement. 2. Tenant's Details: Include relevant information about the prospective tenant, such as full name, contact details, and current address. 3. Property Details: Provide an accurate description of the rental property being considered, including the address, type of property (apartment, house, etc.), and any specific features or amenities. 4. Counter Offer Terms: Clearly state the terms and conditions that the prospective tenant wishes to modify or add to the property owner's original lease agreement. These may include: a. Rent Amount: Propose an alternate rental amount if different from what the property owner offered, along with an explanation if necessary. b. Lease Duration: Suggest a different lease term that aligns better with the tenant's needs, such as a longer or shorter period than initially proposed. c. Security Deposit or Fees: Specify any changes to the security deposit amount, application fees, or other fees associated with renting the property. d. Utilities and Maintenance: Discuss any alterations regarding utilities or maintenance responsibilities between the tenant and property owner. e. Pet Policy: If pets are involved, mention any amendments or additional clauses pertaining to pet-related rules, fees, or limitations. f. Maintenance or Repairs: Request necessary repairs or maintenance to be completed by the property owner prior to moving in. g. Lease Termination: If desired, propose specific terms for early lease termination, lease renewal options, or any penalties for breaking the agreement. 5. Supporting Documents: Attach any supporting documents required, such as financial statements, references, or identification documents, to strengthen the tenant's credibility. 6. Response Deadline: Specify a reasonable timeframe for the property owner to respond to the counter offer. 7. Closing: Express appreciation for the opportunity, mention the tenant's willingness to negotiate further if needed, and end the letter with a professional closing, signature, and date. Note: While there may not be specific "types" of North Carolina letters of conditional acceptance — counter offers, the content can still vary depending on the specific negotiation points and conditions being proposed by the tenant.
