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Category Archives: End of Lease Term
The Option to Extend: Leverage in a Soft Market, Protection in a Tight Market
When market conditions are soft and favor tenants, an extension option in your lease establishes a baseline for renewal/renegotiation discussions with your landlord. Additionally, a tenant-favorable provision can serve not only as a bargaining chip in negotiations with your current landlord, it can … Continue reading →
Your termination option, how good is it?
An office lease is a long term commitment, but the real estate needs of your business are subject to change. Armed with foresight and enjoying maximum leverage (because you were still talking with multiple landlords) you had your broker negotiate … Continue reading →