Renegotiating an extension before the lease expires.

Renegotiating an extension before the lease expires.
Often signed 12–24 months before expiry to lock in incumbent tenant and avoid a relet risk.

Early renewal

Leasing · Global

Short definition

Renegotiating an extension before the lease expires.

Full definition

Often signed 12–24 months before expiry to lock in incumbent tenant and avoid a relet risk. Landlord typically offers a small concession; tenant gets early certainty on rent and TI.

Why this matters for Class A leasing

Early renewal is part of the leasing vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.

Renegotiating an extension before the lease expires.

Renegotiating an extension before the lease expires.
Often signed 12–24 months before expiry to lock in incumbent tenant and avoid a relet risk.

Early renewal

Leasing · Global

Short definition

Renegotiating an extension before the lease expires.

Full definition

Often signed 12–24 months before expiry to lock in incumbent tenant and avoid a relet risk. Landlord typically offers a small concession; tenant gets early certainty on rent and TI.

Why this matters for Class A leasing

Early renewal is part of the leasing vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.