What is the term of a typical lease?
How is the rent quoted?
What is the tenant's option for termination or break?
Does the tenant have the option to renew? What is the length of the typical option?
Yes, typically the same amount of term as the original lease, with 9-12 months notice.
How is the rent determined at renewal?
Fair market value, not less than previous term's base rent.
What is the typical rent-free period, if any?
2 months for a 5-year lease
What is the typical rent escalation?
Does the tenant have the right to sublet?
Yes, with the landlord's written approval.