Client Service Announcement
If your commercial real estate lease is expiring within 6-18 months be sure to understand the terms of your “Holdover” provision in your lease.
Many leases state that your rent will increase to 150%-200% of your last month’s rent after the lease expires (I have see it as high as 400% of the last months rental amount).
This provision is usually towards the end of the lease. For your benefit, please find it and understand it. (If your lease payment doubled, would that be a problem?)
If you have any questions, please call upon me.