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expansion option |
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expansion option A right granted by the landlord to the tenant where the tenant has the option to add more space to the premises according to the terms of the option,which may contain restrictions as to the time, proximity, and rental rate, or the restriction that the option is available only if another named or described tenant fails to exercise its expansion option first. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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