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Commercial Lease Relocation Clause

Book Publication Date: Nov 2013
Description: In a commercial lease the landlord may want to retain the right to relocate tenants if a more profitable use can be made of the premises. This sample lease provision allows the landlord to relocate a tenant to substantially similar premises, with notice and at the landlord'd sole expense.
Type: Contract Clauses
PLI Item #: 60629
Practice Area: Commercial leases, Real estate, Real estate leasing

Keywords: "real estate"; "commercial real estate" landlord; tenant; lease; relocation; "option to relocate"; "at its sole expense"; "leased premises"

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