Which clause in a commercial lease determines how the tenant may use the space?

The Use Clause and Exclusive Clause A use clause limits how you'll use the rented space. The limitations can be as broad as what business you'll conduct there, as narrow as what specific services or products you'll offer, or as nebulous as the quality level of your operation.

What is an expansion option?

An expansion option gives a company's management the right (but not the obligation) to pursue business opportunities, such as expanding a company's offices or purchasing equipment for a price below market value. If economic conditions are good, a company will often exercise an expansion option.

Should I include a break clause?

Break clauses aren't compulsory in tenancy agreements and, as such, most standard agreements won't contain a break clause unless requested. If the landlord or tenant agree a break clause, the terms will be inserted into the tenancy agreement.

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Expansion Option Clause

Orange California Expansion Option Clause

Name: Orange California Expansion Option Clause
Brand: US Legal Forms
Rating: 4.86 (431 reviews)

Category:

Landlord Tenant - Commercial Leases

State:

Multi-State

County:

Orange

Control #:

US-OL24032

Format:

Instant download

Description

This office lease clause provides the tenant with a right of first refusal if additional space becomes available within the building.

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FAQ

The expansion clause in commercial leases is a negotiable agreement between the landlord and tenant that permits the tenant an equitable right to expand within the building or property they are being leased.

How many types of options are available of expansion? Name them. There are three expansion options: (a) Intensification (b) Integration (c) Diversification.

Examples of real options include determining whether to build a new factory, change the machinery and technology on a production line, decide whether to buy potentially lucrative oil fields and when to start drilling or pumping, etc. They do not include derivative financial instruments such as stocks or bonds.

The Use Clause and Exclusive Clause A use clause limits how you'll use the rented space. The limitations can be as broad as what business you'll conduct there, as narrow as what specific services or products you'll offer, or as nebulous as the quality level of your operation.

Including the option to expand in your project analysis will tend to increase the net present value of a project. For an expansion, a positive NPV is the base. So with the expansion, the NPV which is already positive will tend to increase as the firm generates more profits.

An expansion option gives a company's management the right (but not the obligation) to pursue business opportunities, such as expanding a company's offices or purchasing equipment for a price below market value. If economic conditions are good, a company will often exercise an expansion option.

An expansion clause is something that can be negotiated into a commercial real estate lease that allows the tenant guaranteed or preferential rights to expand within the building or portfolio from which they are leasing.

More Definitions of Tenant Space Tenant Space means the portion of a building intended for occupancy by a tenant or occupying owner.

Break clauses aren't compulsory in tenancy agreements and, as such, most standard agreements won't contain a break clause unless requested. If the landlord or tenant agree a break clause, the terms will be inserted into the tenancy agreement.

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Orange California Expansion Option Clause

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FAQ

What is an expansion clause in real estate?

How many types of options are available expansion?

What are examples of real options?

Which clause in a commercial lease determines how the tenant may use the space?

Does the option to expand increase NPV?

What is an expansion option?

What is an expansion clause?

What is the term for the space that can be occupied by tenants?

Should I include a break clause?

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