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Form 18-14: Tenant Option to Extend Lease Term

Provides an array of possible articulated formulas to escalate rent


(3 pages)


This extensive form contains alternative clauses for virtually every approach to adjusting or increasing rent during option periods.

  • Fixed rental.

  • Formula CPI adjustment.

  • Formula CPI adjustment with a floor and a "cap" for first year of second option period. Each subsequent year of the second option period is subject to a full annual CPI increase.

  • Fair market appraisal.

  • Landlord's then-prevailing lease rate for comparable space.

  • Optional clause: Option to extend exercisable solely by original tenant.

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