Options for Additional Space in Commercial Leases | Practical Law

Options for Additional Space in Commercial Leases | Practical Law

A Practice Note describing a tenant's options for additional space in commercial lease agreements. Additional space options can be structured in several ways, but most commonly, they are structured as rights of first offer or rights of first refusal options. This Note provides negotiating tips, guidance, and explanations of right of first offer and right of first refusal options for additional space in a commercial building.

Options for Additional Space in Commercial Leases

Practical Law Practice Note 9-521-3488 (Approx. 16 pages)

Options for Additional Space in Commercial Leases

by Practical Law Real Estate
MaintainedUSA (National/Federal)
A Practice Note describing a tenant's options for additional space in commercial lease agreements. Additional space options can be structured in several ways, but most commonly, they are structured as rights of first offer or rights of first refusal options. This Note provides negotiating tips, guidance, and explanations of right of first offer and right of first refusal options for additional space in a commercial building.