Features of negotiations in commercial real estate - free course from the Russian School of Management, training 16 hours, date: December 5, 2023.
Miscellaneous / / December 08, 2023
The course is based on more than twenty years of experience in commercial real estate (promotion, leasing, sales management). The main idea of the course: the science and art of negotiations in relation to the field of commercial real estate and taking into account its specifics. From the entire variety of literature and information on business negotiations, only that which is relevant to the real estate market and successfully applied in it has been selected.
Audio/video duration: 544 minutes
Handouts - 135 pages
Tests-35 questions
25 years of practical experience in commercial real estate. Marketing and sales management, promotion and sale of commercial real estate.
25 years of practical experience in commercial real estate. Marketing and sales management, promotion and sale of commercial real estate.
Peculiarities of negotiations in commercial real estate
• The main stages of negotiations in commercial real estate: commercial proposal – letter of intent – contract.
• Preparing for negotiations: identifying goals, interests and priorities; what is a commercial strategy (business model) and what factors does it depend on. How to set priorities correctly: the connection between the business model and priority conditions.
• Analysis and strengthening of negotiating positions; study of the counterparty.
• Basic negotiation strategies: “hard / soft bargaining”, “compromise”; “positional” and “principled” negotiations. How to choose the right strategy.
• Basic negotiation tactics. What is manipulation and what is it based on. The main types of manipulations that occur in commercial negotiations; methods of resisting manipulation.
• Key participants in the negotiation process
• Negotiation team: distribution of tasks. The role and tasks of a broker, lawyer, accountant, technical specialist in negotiations.
• Planning and management of the negotiation process. Calculation of the “critical path”. Tactics for speeding up/slowing down negotiations. "Dead spots". Control tools in negotiations: “deal support book.”
• Psychological factors of negotiations: methods of forming sympathy and establishing contact; basic mistakes in “making an impression”; law of optimal motivation; managing the emotional state of the parties to negotiations; negotiations with difficult counterparties.
• Legal aspects of negotiations: liability for unfair negotiations (Article 434.1 of the Civil Code). Arbitrage practice. “Rules on negotiations”; balance of interests of the parties in negotiations (Plenum of the Supreme Arbitration Court “On freedom of contract and its limits”). The concept of weak party in a contract and unfair contract terms. Arbitrage practice.