Be Informed Tuesdays: Commercial Real Estate Leasing Tips for Small & Midsize Businesses | Fast Growing Startups | Non-Profits & More

February 25, 2020

WHAT IS A RESTORATION CLAUSE?

 

A Restoration Clause, also known as a Make Good Clause, legally obligates Tenants, at the Landlord’s Request, to restore their leased commercial space back to its original condition before the Tenant possessed it upon the expiration of their lease.

 

This type of clause can be a very costly parting gift from your Landlord if you’re unaware of this financial obligation as highly customized commercial spaces in most cases doesn’t have a wide market appeal to other prospective Tenants thus it’s in the best interest of the Landlord financially to exercise this right and have you bring the space back to its original condition in order for them to market the space for lease again.

Share on Facebook
Share on Twitter
Please reload

Featured Posts

I'm busy working on my blog posts. Watch this space!

Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags