undergraduate studies. He is searching for an apartment on rent. After examining several apartments, he has found one that is very near to his college and he also likes its interior. Now, he needs to discuss the rent with the landlord. Dialogue: Student (tenant) : I liked the interior of your apartment and it is even very close to my college. What is the rent? Landlord : I am happy that you liked the apartment. The rent of the apartment is ₹15,000 per month excluding electricity bill and water supply bill. Student (tenant): Is this price negotiable sir? Landlord: How much can you pay me? Student (tenant): I can pay you ₹12,000 per month excluding electricity bill and water supply bill. Landlord: See, This is not the first time I am offering my apartment for rent. Sorry , I cannot go so down. Student (tenant): Sir, I cannot pay you the rent at your asking price, To what extent can you reduce the rent? Landlord : I can reduce the rent to ₹14,500 per month. You should accept it, it’s a very generous offer. Student (tenant) : Thank you sir for your offer. But can you please reduce it to ₹14,000 per month? You won’t regret having me as your tenant. Landlord : Ahh, Okay, but you should pay me the rent on time. I want no unreasonable delays. Student (tenant) : Okay, Thank you so much sir.
Conclusion: From the above conversation, it
is evident that both the landlord and the tenant(student) were discussing their rent. The proposed rent was ₹15,000 per month excluding electricity bill and water supply bill, however, the landlord was generous enough to revise his offer to ₹14,500. And finally, the deal was closed at ₹14,000 per month after successive rounds of negotiations. The above conversation is an example of Soft Negotiation.