A lease clause allowing the tenant the option to increase its square footage. Typically this clause defines the exact date(s) a tenant may exercise its option(s), and the exact corresponding rent, size, and terms of the expansion space.
A lease clause allowing the tenant the option to increase its square footage. Typically this clause defines the exact date(s) a tenant may exercise its option(s), and the exact corresponding rent, size, and terms of the expansion space.