Will Dixon, REALTOR® - THE OFFICE AROUND THE CORNER: A LEASING GUIDE

These are unlikely but you can sometimes find them. Just remember that the landlord is trying to recoup and make a profit off their investment.

ADDING RENEWAL AND EX AL AND EXTENSION OPTIONS

There are always huge costs when it comes to relocating. Better options may be out there but in the end, it may still cost you less to stay. A renewal option is the right to extend the lease beyond its current year. This is important for tenants. If this option is not in the lease, negotiate it into it. Chances are it will be though and it will be up to you to decide if you like the renewal terms, when the time comes.

TERMINATION OPTIONS

If you need to upgrade to a bigger space, this is actually the best way to go. If a termination clause is in your lease, it could prevent you from having to sublease. This option will give a tenant the right to terminate the lease at a certain point before the lease is up. Usually, you have to give notice of six months to a year and pay some sort of penalty. It may be a specific portion of your rent or other variables. Still, it is often worth it to include this and use it if expansion has to be done. If you are a bigger company, they may also be more flexible and let you include this in multiple parts of predefined points in the lease, with a provision to downsize or upsize to other space they own.

OTHER EXPANSION OPTIONS

If you do foresee growth in the short term, you can negotiate that

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