Client service announcement concerining holdover clauses

Client Service Announcement

If your commercial real estate lease is expiring within 18 months or sooner, 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 months rent after the lease expires (I have see it as high as 400% of the last months rental amount).

The provision is usually towards the end of the lease. Please find it and understand it. (If your lease payment doubled, would that be a problem?)