Make Sure Your Renewal Option is SPECIFIC
Make sure the renewal option provision in your commercial lease is specific. Otherwise, an illogical outcome may reached, as exemplified in Jahagiri v. 1830 North Bayshore, LLC, 43 Fla.L.Weekly D1806a […]
renewal option
Renewal Options should be Clearly Articulated in Lease
Renewal options should be clearly articulated in the lease. And, any increase in the rent subject to the renewal option should be clearly articulated in the lease. This will avoid […]
Renewal Options – Check the Language!
Commercial leases oftentimes contain renewal options that allow the tenant to renew the lease for “x” number of years. From a tenant’s perspective, the language of the renewal option can […]