renewal lease

renewal lease

The lease term after tenants exercise their renewal option. See renewal option for more in-depth treatment.

References in periodicals archive ?
As an adviser in the property industry I urge landlords and tenants to look at the benefits of PACT as, arguably, the determination of all or some of the terms for a renewal lease are better dealt with by an independent expert rather than the Courts.
Office building owners struggling to retain their tenants in the weak economy are more likely to pay a full broker's commission on a renewal lease compared to a year ago, landlords said.
2 million square feet of new and renewal lease transactions during 2014.
In April, the Company executed 65,540 square feet of leases comprised of a 15,540 square foot renewal lease and 50,000 square feet of temporary leases.
If they are rent regulated tenants, their last renewal lease could have been two years earlier and even if it's more, by the time they are subletting, that information could be nearly two years out of date.
New Jersey announced the completion of a 193,100 s/f industrial renewal lease for tenant Performance Team Freight Systems, Inc.
Renewal lease rents increased an average of 6% over expiring rents;
is the largest distributor of physical and digital content in the world, signed a two-year, 1,600 s/f renewal lease.
BentleyForbes has signed 15 new and renewal lease agreements this year with tenants across multiple industry sectors.
In February, the Company executed two renewal leases for approximately 137,000 square feet and one short-term renewal lease for 30,000 square feet.
Newmark's team also negotiated the renewal lease for Quest Diagnostics.