This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList.
Ever greening Clause Definition: Most leases have an end date with an option to extend the lease expiration date by sending a written notice to the landlord. However, some leases automatically renew if the tenant doesn’t notify the landlord.
We often see these types of clauses when a landlord is leasing an executive suite, also sometimes known as a co-working space.