Can You Expand on That?

Landlords facing a challenging rental market might want to offer expansion rights in leases. These rights make properties more attractive to tenants because of the option to adjust their rental space to the changing market and their business needs. Take a look at this article discussing tenant expansion rights, including “pure expansion rights,” rights of first offer, and rights of first refusal.

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Related Content

• Expansion Rights Provisions in Commercial Leases
  Read this practice note discussing the differences between options to expand, rights of first offer, and rights of first refusal, and why landlords are reluctant to provide these tenant rights.

• Commercial Agreement Rights of First Refusal, First Offer, and First Negotiation
  Learn about the pros and cons of commercial tenant expansion options and discover tips for drafting and negotiating these terms.

• Expansion Options Clauses (Pro-Landlord)
  Use these office lease expansion options clauses to provide tenants options to expand leased premises, such as the fixed option, the right of first offer, and the right of first refusal.

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