Spell Out When and How You'll Refurbish Tenant's Office Space

Office building tenants with long lease terms may be concerned that their office space will begin to look shabby in the future. These tenants argue that the rent they’ll be paying in the last few years of the lease won’t reflect the reality of wear and tear like peeling paint and stained and frayed carpeting. If they demand that you refurbish items in the space at a set future date—and pay for all or part of the work—should you agree to it in the lease?

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