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.
Rhode Island Letter of Conditional Acceptance — Counter Offer to Property Owner from Prospective Tenant When a prospective tenant in Rhode Island finds a property that meets their requirements but wishes to negotiate certain terms and conditions, they can use a Letter of Conditional Acceptance as a counter offer to the property owner. This letter serves as a formal way to express their interest in leasing the property while proposing changes to the original terms. While there aren't different types of Rhode Island Letters of Conditional Acceptance specifically, the content of such a letter may vary based on the tenant's unique needs and negotiation points. Here is a detailed description of the content that can be included: 1. Opening: Begin the letter by addressing the property owner or landlord using their full name and title, followed by a formal salutation. 2. Introduction: Clearly state that this letter is a counter offer to the original lease agreement or rental terms previously provided by the property owner. 3. Property Details: Include the full address of the property being considered for lease, including any specific unit or suite numbers. 4. Reference to Original Offer: Briefly summarize the main terms and conditions mentioned in the original offer provided by the property owner. This helps establish a context for the proposed changes. 5. Terms and Conditions Counter Offer: List the specific terms and conditions that the prospective tenant wishes to modify or negotiate. These may include adjustments to the rental amount, lease duration, security deposit, included utilities, maintenance responsibilities, pet policies, or any other pertinent details. 6. Justification and Reasoning: Provide a detailed explanation for each proposed change. Justify the requested modifications by highlighting how they benefit both parties or address specific concerns of the prospective tenant. It is important to maintain a respectful and professional tone throughout. 7. Additional Requests: If there are any additional requests or provisions that the prospective tenant would like to include not mentioned in the original offer, clearly state them in this section. These could be related to improvements, repairs, parking, or any amenities of the property they seek clarification on. 8. Closing Statements: In the closing paragraph, express gratitude for the opportunity to negotiate and reaffirm the prospective tenant's interest in leasing the property. Mention the desired timeline for a response and provide contact information for easy communication, including phone number and email address. 9. Formal Closure: End the letter with a professional closing, such as "Sincerely" or "Best regards," followed by the prospective tenant's full name and signature. Remember, the Rhode Island Letter of Conditional Acceptance — Counter Offer to Property Owner from Prospective Tenant should be well-written and complete, providing clear details and reasoning behind the counter offer. It serves as a formal document that initiates negotiations, potentially leading to a finalized lease agreement that meets the expectations and requirements of both parties.
