Don't Fall Into Renewal Rent Increase Trap

May 30, 2014
| Share | Print

If you’ve been successful in your current space, you may feel that you should lock it down for another term as soon as possible if you have a renewal option and you’re nearing the end of your original lease term. But if you start the renewal process very early—say, six to 12 months before the lease ends—the owner might tell you it’s too early. That’s because it may be holding out to see whether fair market values will bump up a lot so that it can, in turn, substantially raise your renewal rent.

Full Article Access:

Full access to complete articles from Commercial Tenant's Lease Insider is for subscribers only.

Not yet ready to subscribe?