Mar 01, 2017 - 0 Comments - Educational, Negotiating -

Video: Options to Renew ~ Mistakes to Avoid in Commercial Leases

Laura Hall, partner at Sheley, Hall & Williams, joins Michael Bull of The Commercial Real Estate Show to discuss mistakes to avoid in lease involving options to renew.  Some highlights of this video include:

 

  • Most commercial leases have one
  • Very few are exercised
  • Landlord should require as much lead time as possible to execute
  • Tenant wants the shortest amount of lead time to allow flexibility