Commercial Property Management Blog
One of the pitfalls for a commercial tenant regarding their lease is the "Termination, Relocation or Expansion Rights" provision. Although reading a commercial lease can be difficult and time-consuming, the consequences of not reading can be more unpleasant or potentially disastrous. A tenant who has not had their lease carefully read may be surprised to learn that the landlord has reserved the right to unilaterally terminate the lease or relocate the tenant. An expansion provision may give another tenant the right to expand into the tenant's premises and/or may allow the landlord to terminate the tenant's lease. Ideally, a tenant should not agree to such clauses.
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