This office lease clause provides the tenant with a right of first refusal if additional space becomes available within the building.
Idaho Expansion Option Clause
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State:
Multi-State
Control #:
US-OL24032
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How to fill out Expansion Option Clause?
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FAQ
In Idaho, a tenant can end a fixed-term lease early, without penalty, if one of several conditions is met, such as a privacy violation by the landlord. If none of the conditions are met, the tenant is liable for all remaining rent until a new tenant is found.
Landlord Right to Entry in Idaho However, Idaho state laws do not mandate any minimum notice for landlords. Landlords have the right to enter the home without the permission of any minimum notice. Like mentioned above you can agree to certain terms within the lease agreement to agree upon entry policies.
Senate Bill 1125 allows parents to send their child to any public school in Idaho regardless of where they live. The current law restricts parents' ability to choose the public school that is best for their child, and Senate Bill 1125 modernizes the law to give parents more choice in public education.
Idaho is a moderately landlord-friendly state. There are no maximums on security deposits or late fees, and tenants are unable to withhold rent unless it is for repairs.
Tenants under a month-to-month lease have to ensure they renew their lease to avoid eviction. A landlord must give the tenant a written notice called a 30-Day Notice to Quit if they do not wish for the tenant's lease to be renewed.
Idaho Renters Rights Right to Safety and Health. Idaho Code 6-320 establishes certain duties that a landlord has in relation to the condition of the property. ... Right to Quiet Use and Enjoyment. ... Right to No Discrimination in Housing. ... Right to Possession. ... Right to the Return of Your Security Deposit.
In terms of commercial real estate, expansion options provide tenants with the choice to add more space to their rented premises. Typically, this would apply to an office space or retail location where the tenants seek to expand into an adjoining space.