Option - Commercial Real Estate Lease Terms

Описание: Hello landlords and tenants, I’m going to discuss eh meaning of an option in commercial real estate leasing. My name is Jenna Zebrowski and I'm the attorney behind LawByJZ.com.

An option is an offer made by the landlord at the beginning of the lease to extend the lease for a certain price. The tenant can accept the offer to extend the lease under these pre-negotiated terms, but there’s usually a few years of lag time before the tenant has to make that decision.

   • Option - Commercial Real Estate Lease Terms  

If there's anything that's uncertain such as the rental rate or the term, then it's not a true option. It's an offer to negotiate an option. It’s important to know what the rent will be BEFORE the tenant decides to exercise the option, or once landlord knows you’re interested, they might have the ability to pick any number they want, and you’re stuck with it!

   • Option - Commercial Real Estate Lease Terms  

Alternate Titles to this Video Include:

Commercial Lease Law Glossary Option
Understand Option in Commercial Real Estate Lease
Real Estate Lease Words Option

Disclaimer:
The transmission and receipt of information contained on this video does not constitute an attorney-client relationship. Persons should not act upon information found in this video without first seeking professional legal counsel.

If you need help with real estate lease agreements, call 817-841-5762, or email [email protected].

Here's a link to our entire playlist for our commercial real estate lease words glossary:

   • Commercial Real Estate Lease Glossary