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Lease Options
Real Estate Investing Definition

The definition of Lease Options is:

Language in the lease agreement conferring certain rights to the lessee to expand renew or cancel the lease. The lessee may be given the right to lease certain additional expansion space typically contiguous to the current leased premises at a stated or negotiated rate. The lessee may be able to extend the expiration date of the lease for a stated period of time at a stated or negotiated rate. The lessee may terminate the lease prior to its expiration date on stated dates or upon the occurrence of certain events.

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