Common use of Landlord Expansion Response Clause in Contracts

Landlord Expansion Response. Landlord shall, within fifteen (15) days following Landlord’s receipt of a Tenant Expansion Notice notify Tenant (any such notification, a “Landlord Expansion Response”) if the space identified in Tenant’s Expansion Notice is available for leasing and, if so, (a) the location, approximate Net Rentable Area and configuration of the potential expansion space, (b) the date by which Landlord anticipates that the potential expansion spaces will become available and (c) Landlord’s opinion of the Fair Market Rental Value of the available potential expansion space. If no potential expansion space that satisfies Tenant’s criteria is available, the Landlord Expansion Response shall so state.

Landlord Expansion Response. Landlord shall, within fifteen (15) days following Landlord’s receipt of a Tenant Expansion Notice Notice, notify Tenant (any such notification, a “Landlord Expansion Response”) if the space identified in Tenant’s Expansion Notice is available for leasing and, if so, (a) the location, approximate Net Rentable Area and configuration of the potential expansion space, (b) the date by which Landlord anticipates that the potential expansion spaces will become available and (c) Landlord’s opinion of the Fair Market Rental Value of the available potential expansion space. If no potential expansion space that satisfies Tenant’s criteria is available, the Landlord Expansion Response shall so state.