Renewal Option Windows in Industrial Leases

Industrial lease renewal options carry strict exercise windows — typically 6 to 12 months before expiration — that are easy to miss when monitoring is manual and portfolios are large. A missed option window eliminates the tenant's right to renew on pre-negotiated terms, which may have represented significant value on below-market leases. Conversely, unmonitored option windows can also result in automatic renewals executing on terms the landlord intended to renegotiate.