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In this video tutorial, Steve Kerr Levitch discusses lease renewal strategies for tenants with upcoming lease expiries. Landlords often expect premium rental rates from renewing tenants, factoring in moving expenses. Firms make a mistake by not allowing enough time to negotiate effectively. The option to renew clause in the lease typically requires notice 6 to 18 months prior to lease expiry. Waiting until the notice period reduces negotiating leverage. Having choices is key to negotiating strength. Consulting with experts can help navigate lease renewal negotiations effectively.
