Avoid Lease Termination Over Spaces Under Renovation

If the office building you own has multiple common areas and some meeting spaces that are reserved specifically for certain tenants that are usually available for use, they are likely a selling point for some tenants. But if the building is undergoing work to update and refresh those spaces while you’re negotiating leases with several tenants, you might be concerned that if the work continues past the point where they expect to be able to start using these spaces, they’ll try to terminate their leases.