CRE Definition Series: Evergreening Clauses

CRE Definition Series: Evergreening Clauses

Ever greening Clause Definition: Most leases have an end date with an option to extend the lease expiration date by sending a written notice to the landlord. However, some leases automatically renew if the tenant doesn’t notify the landlord.

We often see these types of clauses when a landlord is leasing an executive suite, also sometimes known as a co-working space.

 


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