Clauses resulting in Additional Space Leased

Category:
State:
Multi-State
Control #:
US-CL-505-1
Format:
Word; 
Rich Text
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Description

Examples of clauses that may result in Additional Leased Space for Tenant. This clause gives the Tenant the right to lease additional space. Clauses resulting in Additional Space Leased are provisions that are included in a lease agreement that allows the tenant to lease extra space beyond the agreed upon initial term. These clauses can vary depending on the terms of the lease, but usually involve a written agreement that outlines the additional space, the additional rent and other terms that must be met in order to secure the additional space. Common types of Clauses resulting in Additional Space Leased include Expansion/Relocation Clauses, Option Clauses, and Renewal Clauses. Expansion/Relocation Clauses allow the tenant to expand or relocate their leased premises without re-negotiating the lease agreement. Option Clauses allow the tenant the option to expand their leased premises at the end of the lease term. Renewal Clauses allow the tenant to renew their lease for an additional term, with the possibility of expanding their leased premises.

Clauses resulting in Additional Space Leased are provisions that are included in a lease agreement that allows the tenant to lease extra space beyond the agreed upon initial term. These clauses can vary depending on the terms of the lease, but usually involve a written agreement that outlines the additional space, the additional rent and other terms that must be met in order to secure the additional space. Common types of Clauses resulting in Additional Space Leased include Expansion/Relocation Clauses, Option Clauses, and Renewal Clauses. Expansion/Relocation Clauses allow the tenant to expand or relocate their leased premises without re-negotiating the lease agreement. Option Clauses allow the tenant the option to expand their leased premises at the end of the lease term. Renewal Clauses allow the tenant to renew their lease for an additional term, with the possibility of expanding their leased premises.

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Clauses resulting in Additional Space Leased