This office lease clause provides the tenant with a right of first refusal if additional space becomes available within the building.
Virginia Expansion Option Clause
Category:
State:
Multi-State
Control #:
US-OL24032
Format:
Word;
PDF;
Rich Text
Instant download
Description
Free preview
How to fill out Expansion Option Clause?
If you need to total, down load, or print out lawful record layouts, use US Legal Forms, the most important assortment of lawful forms, that can be found on the Internet. Utilize the site`s basic and practical search to find the documents you need. Different layouts for enterprise and individual purposes are categorized by classes and says, or key phrases. Use US Legal Forms to find the Virginia Expansion Option Clause with a number of clicks.
If you are previously a US Legal Forms customer, log in for your accounts and then click the Obtain key to obtain the Virginia Expansion Option Clause. You may also gain access to forms you in the past delivered electronically in the My Forms tab of the accounts.
Should you use US Legal Forms initially, refer to the instructions under:
- Step 1. Ensure you have chosen the shape to the right town/land.
- Step 2. Utilize the Preview solution to look through the form`s content material. Do not overlook to learn the outline.
- Step 3. If you are not happy with the form, make use of the Lookup field on top of the monitor to discover other types from the lawful form design.
- Step 4. Upon having located the shape you need, select the Get now key. Opt for the costs prepare you prefer and put your qualifications to register to have an accounts.
- Step 5. Method the financial transaction. You may use your credit card or PayPal accounts to perform the financial transaction.
- Step 6. Choose the formatting from the lawful form and down load it on your gadget.
- Step 7. Complete, modify and print out or signal the Virginia Expansion Option Clause.
Every lawful record design you purchase is your own permanently. You have acces to each form you delivered electronically inside your acccount. Click the My Forms portion and pick a form to print out or down load yet again.
Remain competitive and down load, and print out the Virginia Expansion Option Clause with US Legal Forms. There are thousands of skilled and state-certain forms you may use to your enterprise or individual requirements.
Form popularity
FAQ
EXPANSION REAL ESTATE means and refer to the Additional Real Estate and any other real estate that is adjoining or adjacent to the Additional Real Estate or the Original Real Estate or to any street right-of-way adjoining or adjacent to the Additional Real Estate or the Original Real Estate.
Option to expand is the option to make an investment or undertake a project in the future to expand the business operations (a fast food chain considers opening new restaurants). Option to abandon is the option to cease a project or an asset to realize its salvage value (a manufacturer can opt to sell old equipment).
A percentage lease is a type of lease where the tenant pays a base rent plus a percentage of any revenue earned while doing business on the rental premises. It is a term used in commercial real estate.
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.
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.
Legally Justified Reasons for Breaking a Lease in Virginia The Lease Agreement Contains an Early Termination Clause. ... The Landlord Fails to Provide Certain Disclosures. ... The Tenant is Starting Active Military Duty. ... The tenant receives orders to relocate. ... early lease termination clause. ... The Unit is No Longer Habitable.
A Virginia rent-to-own agreement is a unique lease that permits a tenant to purchase rental property after satisfying certain conditions. Before the lease commences, the tenant pays the landlord a fee to exercise the option to purchase the property.
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.