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Commercial Lease Renewal Option


Book Publication Date: Nov 2013
Description: 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.
Type: Contract Clauses, Contracts
PLI Item #: 60623
Practice Area: Real Estate
Keywords: "real estate"; "commercial real estate" landlord; tenant; lease; "lease renewal option"; "base rent"; "renewal term"; "notice and cure"; "rent increase"

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