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Lease clause regarding annual fee to preserve options
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Lease clause regarding annual fee to preserve options

Category: Landlord Tenant - Commercial Leases - Clauses
State:Multi-State
Control #:  US-BCLC18-12
Type:  
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Available formats: Word
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Description

Lease clause that requires the tenant to notify the owner annually that he intends to preserve his option to renew the lease or take expansion space. The tenant must pay a fee in order to keep this option open.
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