In this article, you'll discover:

• Properly notifying your landlord about lease renewal.
• Typical lease extension terms and negotiating flexibility.
• Rent changes during lease extensions and how to negotiate.
• Potential rent increases based on market value or the consumer price index.
• Benefits of using a tenant rep broker for better extension terms.

When signing a commercial lease, the extension clause may appear to be unimportant compared to other details like the base rent and CAM, but it's risky if quality attention is not paid to the extension clause. Since tenants tend to receive the most benefits from this portion of the lease, landlords may try to use limiting and restrictive terms or even omit the clause entirely. Knowing the following information about lease extension clauses can help you protect your company.