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These 4 lease clauses will save you stress and capital

4. Expansion right: obliges the landlord to provide the tenant with more space should it become necessary. 3. Cancellation right: the tenant has the right to break the lease under certain conditions, for example, when the landlord cannot meet tenant’s need for extra space. 2. Extension right: for example, a right of first refusal, allows the tenant to remain in the premises as the new lease is negotiated. 1. Sublet right: the right to sublease the space if the tenant must relocate

#leasing #contract #negotiation

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