A counteroffer is a part of the negotiation process between a renter and an owner. Sometimes, you may be interested in an offer but would like to make some changes or negotiate different terms, such as a different rent price or move-in date. You have the option to send a counteroffer to propose one or more changes to an initial offer. Both owners and renters have the ability to counteroffer as many times as they want until they both reach an agreement or somebody decides to walk away.