What’s more attractive when going to sell, more rent or less responsibility?
First and foremost, thank you for reading and providing your valuable feedback. 

I’m working on a renewal with a retail tenant where they brought up paying less rent but taking on more responsibility for repair and maintenance. 

Is it better to receive less rent in exchange for less responsibility for repairs and maintenance?
[{"id": "isqjdj1", "text": "Run the numbers and see what give you highest net NOI", "replies": [], "depth": 1}, {"id": "isqken6", "text": "&gt;more responsibility for repair and maintenance.\n\nWould need this further spelled out. Just inside there unit, or for the center as a whole?", "replies": [{"id": "isqkmfq", "text": "Just their unit", "replies": [{"id": "isqkphi", "text": "What would change? I personally would rather take the higher rent. Also you want to keep your leases generally consistent.", "replies": [{"id": "isqlrb9", "text": "Tenant is responsible for maintenance of mechanicals (HVAC, plumbing, electrical) and landlord is responsible for repair of mechanicals beyond normal wear and tear.", "replies": [{"id": "isqmkpn", "text": "Would not do it on HVAC, unless you specify they need a tech to come out every 24 months or something. What happens in 5-10 years and they do little to no maintenance?  Hard to motivate a tenant to take care of it. You already have to have a tech out for other units, just wrap it into that same service call. \n\n&amp;#x200B;\n\nPlumbing and Electrical should already be largely the tenants responsibility, IMO. Burned out lights, snaking a toilet, should not be your issue. Everything downstream of the breaker box should be there problem.", "replies": [], "depth": 5}, {"id": "ist3dq4", "text": "Most leases I've seen cut off a Landlord's responsibility to plumbing and electric once that service enters the tenants premises, while allowing a landlord to come in and fix stuff if neglected by the tenant and charged back to the tenant. HVAC I've seen all over the place, from all tenant's responsibility, to all Landlord's responsibility, to where a tenant repairs and maintains and Landlord is responsible for replacement. I would not accept less rent for less responsibility because my experience is that most tenants don't maintain HVAC even when it's their responsibility, and I'm talking some national retail tenants. Charge more and you know it's being taken care of.", "replies": [{"id": "ist7dlz", "text": "Thank you for this detailed response", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "isqlx3w", "text": "You could run the numbers, but it\u2019s hard to imagine a tenant approaching you with an offer that is better for you than them.", "replies": [], "depth": 1}, {"id": "isqnzif", "text": "I wouldn\u2019t let a tenant take control of important maintenance if building systems which they could easily neglect and leave you with a bigger bill if/when they vacate.", "replies": [{"id": "isrl7pi", "text": "This. Keep the rents high and keep the operations separate from tenants. You can RFP services more easily and often than you can negotiate rents. \n\nBuyers would prefer to see this, too. IMO tenants doing property level maintenance is a yellow flag", "replies": [], "depth": 2}], "depth": 1}, {"id": "isqsgez", "text": "This is 100% a cost-benefit based on a number of factors. Triple-Net leases are common when it comes to high credit customers (think national brands) or in either high-rent areas (CBD high rise units) or low-rent circumstances (warehouses). In-between those extremes, different leases can be more common.", "replies": [], "depth": 1}, {"id": "isqu1to", "text": "Triple their security deposit so you have something when they don\u2019t come through", "replies": [], "depth": 1}, {"id": "issx7zu", "text": "The problem is; what happens if that tenant does not maintain the property correctly? I have had many tenants, tell me many things and usually it is all B.S. They move out after this lease and you find out there are major issues stemming from minor issues that were never addressed. I would handle repairs maintenance and charge market rent.", "replies": [], "depth": 1}, {"id": "istnwqj", "text": "With the way costs are going I would seriously consider having them responsible for more expenses if you think more repairs will be required. However, YOU should be performing the repairs or maintenance so you can QC. There\u2019s a difference between who\u2019s responsible for performing vs paying.", "replies": [], "depth": 1}, {"id": "isuvwxv", "text": "Renewal - what\u2019s the market where ever you have your retail space? Maybe it\u2019s easier to find a new tenant with the same or better lease, who\u2019s ready to sign a triple-net lease. Or the tenants acknowledge that the market has changed a lot since signing the agreement.\n\nAnnual rent reduction to get the triple net agreement. If it\u2019s equal to or less than the annual cost of maintenance/impairment of the premises it sounds like a great deal, given that the input prices tend to rise.\n\nOf course, the agreement (in writing) should be well-worded. And it would be nice to have bigger guarantees due to higher risks.", "replies": [], "depth": 1}]