Add Protections to Make Tenant's Contraction Option Airtight

Add Protections to Make Tenant's Contraction Option Airtight



During the economic downturn several years ago, contraction options—which let tenants give back part of their space during their leases and pay a lower rent—became popular because downsizing was one way for tenants in trouble to scale back costs. But two now-common commercial real estate trends have made the contraction option desirable for tenants that aren’t in financial trouble.

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