This office lease clause provides the tenant with a right of first refusal if additional space becomes available within the building.
New Hampshire Expansion Option Clause
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US-OL24032
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FAQ
Lessee may request Lessor to expand the demised Premises into additional spaces/buildings/land. Lessor may, at its sole discretion, agree to allow Lessee to expand into such additional spaces/buildings/land.
A New Hampshire rent-to-own lease agreement is a document that includes a standard lease with an option for the tenant to buy the property. The terms of the sale should be included in the lease, so when the tenant decides to buy, the pre-negotiated terms can be converted to a purchase agreement.
The expansion clause in commercial leases is a negotiable agreement between the landlord and tenant that permits the tenant an equitable right to expand within the building or property they are being leased.
In the absence of a written contract, property rentals in New Hampshire are considered at-will, with rent payable on demand. Deposits may not be more than one month's rent, and must be returned within 30 days of the lease termination.
A standard clause under a commercial or retail lease which gives a tenant the right to reduce the size of its leased premises during the lease term, subject to certain parameters and conditions being satisfied.
A New Hampshire month-to-month rental agreement is a contract between a landlord and tenant that can be terminated with a minimum of 30 days' notice. Also known as a 'tenancy at-will', this type of arrangement is for a short-term arrangement or if both parties do not know when the tenancy will end.
Negotiated contract provision that addresses a tenant's potential need for future expansion. Expansion rights allow a tenant to elect to expand beyond the fixed area of the leased premises to other specified areas under the landlord's control.
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.
A New Hampshire month-to-month rental agreement is a contract between a landlord and tenant that can be terminated with a minimum of 30 days' notice. Also known as a 'tenancy at-will', this type of arrangement is for a short-term arrangement or if both parties do not know when the tenancy will end.
What Are Expansion Clauses? An expansion clause is something that can be negotiated into a commercial real estate lease that allows the tenant guaranteed or preferential rights to expand within the building or portfolio from which they are leasing.