Commercially rented space may have to be customized to fit a tenant’s needs. You and the landlord will have to reach an agreement about who does the design, who does the work, when it gets done, and who pays for it. The lease clause that addresses these issues will be titled "Improvements and Alterations."
Whether your business is just starting out or you have hopeful plans to expand existing operations, you may need more space before your lease ends. Ideally, you should plan at the time you sign the lease to take more space if you need it. That’s the function of an option to expand clause, also known
If you’re fortunate enough to need additional space during your tenancy, you’ll want to make sure your lease gives you a way to secure it. If the expansion clause is too vague, it won’t be easy to apply, and a court may not enforce it. Avoid that by paying attention to the details. Describe the