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  • A simplified artistic representation of the Chicago skyline
    Aug 26, 2015

    Negotiating the Renewal Option

    Most commercial leases typically run between 5- 10 years. In good leases, there are provisions to the rental agreement allowing a tenant to extend the length of the lease. A general rule of thumb: Instead of immediately exercising your renewal option, try to negotiate each renewal term instead. However, if you come to a standstill,...