Recent Posts

THE RUNDOWN

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