Leases
Renew / Renew Early

RENEW

1. Detailed lease comps, including:

  1. Negotiated rental rates & lease term
  2. Free Rent
  3. Construction Allowance
  4. Other credits and inducements/concessions

2. Lease renewal financial projections

3. Lease abstract highlighting areas of improvement

  1. Personal Guarantees & Security Deposits
  2. Operating Expense Restrictions
  3. MEP and HVAC Warranties & Caps
  4. Parking Guarantees and Costs
  5. Expansion and Renewal Rights
  6. Termination Rights
  7. Holdover Penalty
  8. Sublease and Assignment Rights
  9. Limiting Relocation Rights
  10. Interruption of Services
  11. Events of Casualty Considerations

RENEW EARLY

1. Detailed lease comps, including:

  1. Negotiated rate & term
  2. Free Rent
  3. Construction Allowance
  4. Other credits and inducements/concessions

2. Lease renewal financial projections

3. Lease abstract highlighting areas of improvement

  1. Personal Guarantees & Security Deposits
  2. Operating Expense Restrictions
  3. MEP and HVAC Warranties & Caps
  4. Parking Guarantees and Costs
  5. Expansion and Renewal Rights
  6. Termination Rights
  7. Holdover Penalty
  8. Sublease and Assignment Rights
  9. Limiting Relocation Rights
  10. Interruption of Services
  11. Events of Casualty Considerations

Why Renew Early?

Rent is above FMV

If building is for sale

Expectation of improving market

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