Negotiate Extension for Delivery of Space

Negotiate Extension for Delivery of Space



One thing that owners don’t like to hear when negotiating a lease is that the tenant must have possession of the space by some important date, known as the “drop-dead date.” This is an issue because the tenant usually wants the owner to suffer stiff consequences if the drop-dead date isn’t met. Free rent, significant monetary penalties, and, sometimes, a termination option are some requests tenants make.

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