Never Exercise a Renewal Option
This paper explores what is at stake, common concerns, and proposes a competitive process to significantly improve outcomes.
Why You Should Never Exercise Your Renewal Option
Imagine your practice has been operating successfully from the same location for over a decade. As the end of the lease approaches, you face a simple choice: sign the renewal notice or explore other options. With future rents already defined in the lease, renewing the lease might seem like the easiest and most straightforward choice. However, this seemingly simple decision can be more costly than anticipated.
