This office lease clause provides the tenant with a right of first refusal if additional space becomes available within the building.
Washington Expansion Option Clause
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US-OL24032
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FAQ
Your rights include: A copy of the lease and information for tenants. Provision of clean premises at the start of the lease. Bond money safely deposited with the State Government's Bond Administrator. A condition report for the premise given to the tenant before occupancy noting any damage.
Landlords are generally prohibited from locking a tenant out of the premises, from taking a tenant's property for nonpayment of rent (except for abandoned property under certain conditions), or from intentionally terminating a tenant's utility service. Various penalties exist for violating these protections.
New laws affecting renters in Washington State in 2023 Within 30 days after a tenant moves out, the landlord must either return the full security deposit or give the tenant a written statement documenting why they kept some or all of it.
Landlords must give 120 days' notice for the termination of month-to-month tenancies before major building changes that require tenants to leave the building. Previously, 20 days' notice was required. As a reminder, an owner or immediate family needing to occupy the unit doesn't qualify as change of use.
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.
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.
Landlords cannot keep security deposit money for ?wear resulting from ordinary use of the premises.? Landlords cannot keep a security deposit to repair or clean the rental unit, appliances, furniture, carpet, or wall paint if the wear, deterioration, or breakage happens because of ?ordinary use of the premises.?
