Form 18-14: Tenant Option to Extend Lease Term
$25.00Price
Form 18-14: Tenant Option to Extend Lease Term
(Provides an array of possible articulated formulas to escalate rent)
(3 pages)
Form addresses:
This extensive form contains alternative clauses for virtually every approach to adjusting or increasing rent during option periods.
- Fixed rental.
- Formula CPI adjustment.
- Formula CPI adjustment with a floor and a "cap" for first year of second option period. Each subsequent year of the second option period is subject to a full annual CPI increase.
- Fair market appraisal.
- Landlord's then-prevailing lease rate for comparable space.
- Optional clause: Option to extend exercisable solely by original tenant.