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Commercial Lease Renewal Option
Negotiating Commercial Leases 2013
Book Publication Date:
In uncertain economic times flexibility will be important to parties to commercial leases.
One way to provide that flexibility is through an option to renew the lease.
This sample renewal option provides for several renewal periods, with accompanying rent increases, and an eventual option to buy.
Contract Clauses, Contracts
PLI Item #:
"commercial real estate" landlord
"lease renewal option"
"notice and cure"
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