Leases
Renew / Renew Early
RENEW
1. Detailed lease comps, including:
- Negotiated rental rates & lease term
- Free Rent
- Construction Allowance
- Other credits and inducements/concessions
2. Lease renewal financial projections
3. Lease abstract highlighting areas of improvement
- Personal Guarantees & Security Deposits
- Operating Expense Restrictions
- MEP and HVAC Warranties & Caps
- Parking Guarantees and Costs
- Expansion and Renewal Rights
- Termination Rights
- Holdover Penalty
- Sublease and Assignment Rights
- Limiting Relocation Rights
- Interruption of Services
- Events of Casualty Considerations


RENEW EARLY
1. Detailed lease comps, including:
- Negotiated rate & term
- Free Rent
- Construction Allowance
- Other credits and inducements/concessions
2. Lease renewal financial projections
3. Lease abstract highlighting areas of improvement
- Personal Guarantees & Security Deposits
- Operating Expense Restrictions
- MEP and HVAC Warranties & Caps
- Parking Guarantees and Costs
- Expansion and Renewal Rights
- Termination Rights
- Holdover Penalty
- Sublease and Assignment Rights
- Limiting Relocation Rights
- Interruption of Services
- Events of Casualty Considerations

Why Renew Early?
Rent is above FMV
If building is for sale
Expectation of improving market