Get 6 Lease Protections When Giving Tenants Expansion Options

In this era of post-COVID-19 uncertainty, commercial tenants are increasingly reluctant to lock themselves into spaces of fixed dimensions over the entire lease term. Their driving imperative is flexibility. In the early days of the pandemic, as telecommuting shrank the need for space, flexibility largely meant the ability to contract. Now that employees are returning to work, many tenants are now seeking to expand their space. In addition, tenants that signed long-term leases before the pandemic now need extra space to meet social distancing requirements under public health orders.