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Option Leases: a Five-Point Checklist for Landlords

By Bill d'Apice & Belinda Marsh on Monday 17 June 2019
Posted in charities, General, lease, Not-For-Profits, Property, Real estate

When an existing lease expires, a tenant may have the “option” to renew the lease. Essentially a tenant has the right to have a new lease granted to them on the same terms as the existing lease. However, the rent will be reviewed in accordance with the rent review terms of the existing lease.

So,…

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