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 ?
Darren Grunberg signed a renewal lease for 550-square-foot lease at 575 Underhill Blvd.
As expected, the renewal lease rate change of GATX's Lease Price Index was negative 2.8% in the quarter, with an average renewal term of 53 months.
Newmark Knight Frank (NKF) announced today that it brokered a renewal lease totaling 104,514 square feet for the Birmingham office of law firm Burr & Forman LLP at the Wells Fargo Tower in downtown Birmingham.
The Environment and Lands court in Murang'a county has given Delmonte Company and parties blocking its land renewal lease 21 days to negotiate an out of court settlement.
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.
And despite the 163,226-square-foot renewal lease by Polo Ralph Lauren at 650 Madison Avenue in Midtown, net absorption for the borough was a negative 4.19 million square feet, the CBRE report said.
Contract awarded for Renewal lease agreement for the third quarter of 2019
Furthermore, renewal lease rent growth tends to run alongside new-resident lease growth in Dallas and Atlanta and actually exceeds the rent bump that comes with new-resident leases in Washington, D.C.
The company's biggest deals include MSG's 325,000 renewal lease at 2 Penn Plaza and Amazon's 470,000 lease at 7 West 34th Street.
M2 EQUITYBITES-September 14, 2010-First Potomac Realty Trust signs renewal lease with Home Depot and new lease with The Tile Shop(C)2010 M2 COMMUNICATIONS http://www.m2.com
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.