CRE Definition Series: Renwal Option

CRE Definition Series: Renwal Option


CRE Definition Series: Renewal Option

Tenants often want the right to extend their lease term after the initial lease term expires. The right to extend the lease option should be spelled out in the lease. If you don’t have this option it doesn’t mean the landlord won’t renew the lease, simply that it would need to be negotiated before the current lease expires.

 

 

 

 


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