Option to Expand Commercial Space Leased in Building

Option to Expand Commercial Space Leased in Building	$25.00
This is a provision giving the tenant to a commercial lease the right of first offer to expand into other space in the building. It can be incorporated into the Real Estate Lease or included as part of the Addendum to Real Estate Lease. This form is slanted in favor of the tenant. See also the Addendum to Real Estate Leases (For the Benefit of the Tenant). Format: Microsoft Word

OPTION TO EXPAND SPACE LEASED IN BUILDING

Landlord hereby agrees that Tenant shall be offered the right of refusal to lease all or any portion of [other space in the building] [designated space] (the "Expansion Space"), as it may become available for lease from time to time. Whenever any portion of the Expansion Space becomes available for lease, Landlord shall provide Tenant with written notice of such availability, which notice shall include the date when Tenant would begin occupancy of....

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