Tuesday, April 2, 2013

Commercial Office to Rent in India

What Does A Commercial Office Lease Renewal Option Do?

A renewal option in a commercial office lease is a clause which details whether the tenant is able to renew the current lease and what terms apply to such a renewal of the lease. The renewal clause will dictate when the renewal option must take place and what the tenant must do to put such a renewal of the lease in effect. In addition, this option clause will list all of the other fine details to renewing one's lease, all of which the tenant must follow in order to properly initiate the renewal of the commercial office space lease.

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