Forum discussion

CI-2009 MRc1.1:Tenant Space—Long-Term Commitment

7 Year Lease and 5 Year Option to Renew

The tenant has a 7 year lease currently with an option to renew for 5 years. Would this comply with the 10 year lease option. Crissy

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Wed, 03/28/2012 - 17:47

Crissy, A 10-year commitment must be documented. The option to renew does not demonstrate that the tenant will remain in the space for 10 years.

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