One of the biggest mistakes that tenants make is not considering any alternatives to their first choice, regardless whether they are looking to renew a lease or obtaining a new space. Tenants realize that they do not want to relocate and rather want to renew their lease. Even if you keep this information from your tenant initially, chances are that he or she will realize this. Once they know this, the tenant often loses negotiation leverage. Even tenants with no reason to relocate have to consider a few alternatives to their situation. If not, they might end up spending more money than they bargained on, as they have lost all negotiation leverage with regards to the terms of the lease renewal.