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Commercial Lease Option to Expand
Negotiating Commercial Leases 2013 ( Edition)
Book Publication Date:
Certain businesses may want to retain the right to expand their leased space into adjacent space when business is good.
To accommodate this an option to expand can be included in the lease.
This sample option to expand provides the tenant with a right of first offer to expansion space adjacent to the leased premises.
PLI Item #:
"commercial real estate" landlord
"option to expand"
"right of first offer"
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