Commercial Property Lease Due for Renewal

Commercial property leases can be extremely important for companies, offering both flexibility and stability. Businesses often have the opportunity to negotiate lease terms that meet their needs, for instance, lease duration, or options for expansion or contraction.

One of the most important aspects of a commercial property lease is the renewal terms. The potential option to renew a commercial property lease provides businesses with the flexibility to remain in their commercial premises, without having to negotiate a brand new lease.

If you’re considering renewing your lease you may well have questions about your rights, and how renewal works. Luckily, our experts can help you.

In this comprehensive guide, you’ll learn everything that you need to know about renewing a commercial property lease, including how the process works, the best time to renew a lease, who can initiate a renewal, the Landlord and Tenant Act, and more.