and they can often be just one year. This is because the landlord has the same reasons as you to pursue a longer release, but without any benefits for you, the tenant. The release terms shouldn’t be as long as or longer than the length of the original lease either. If you are comfortable in your space a one-, two-, or three-year release with another option to renew at the end makes the most sense.
HAVING AN UNCLEAR RENE CLEAR RENEWAL CLAUSE OR NONE AT ALL
It should be clear, easy to understand, and make a lot of sense. A renewal clause that is overly complicated is a bad sign. It may have to do with different escalations, and changes in price and other fees. You want to avoid that. The clause should simply state how long the renewal option is for and the potential price, with some room for potential negotiations. A lease with no renewal clause at all is bad unless you really only plan on being there for the short term. This may mean that the landlord doesn’t want to invest in the building for that much longer or a number of other things that don’t help your company. There’s also the option that you can negotiate a new lease and remain in the space after your term is up, but that requires so much more effort and work than just signing a renewal. However, this depends on your short- and long-term plans.
DON'T TRUST ORAL TRANSACTIONS OR A LANDLORD SAYING "TRUST ME" T ME"
When a landlord or their representative asks you to rely on verbal phrases it is a bad sign. If they ask you to “trust them,” you probably shouldn’t. That’s because there’s simply no reason for anything not to be in writing that isn’t bad for the tenant. They
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