The Intricacies of Commercial Leases: Renewal, Length and Breaking
On March 9, 2010,
in Buy-Rent-Lease?, Commercial Leasing,
by Michael Coretz
Because your company's future space needs are uncertain, renewal options for an office lease can be quite helpful. However, some landlords may be reluctant to grant such options, because doing so limits their flexibility to market the space to prospective tenants. If the landlord is amenable to a renewal option, try to get the option [...]
