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, respond to Tenant’s inquiry (any such response, a “Landlord Expansion Response”) by advising Tenant of (a) all the Available Leasable Areas, including the approximate Net Rentable Area, location and configuration thereof, (b) the date(s) by which Landlord anticipates that the Available Leasable Areas will become available for leasing (such date with respect to any Available Leasable Area being herein called the “Availability Date”), and (c) Landlord’s opinion of the Fair Market Rental Value Per RSF of the Available Leasable Areas. If there are then no Available Leasable Areas, then Landlord Expansion Response shall so state.

Landlord Expansion Response. Landlord shall, within fifteen (15) days following Landlord’s receipt of a Tenant Expansion Notice, respond to Tenant’s inquiry (any such response, a “Landlord Expansion Response”) by advising Tenant of (a) all the Available Leasable Areas, including the approximate Net Rentable Area, location and configuration thereof, (b) the date(s) by which Landlord anticipates that the Available Leasable Areas will become available for leasing (such date with respect to any Available Leasable Area being herein called the “Availability Date”), and (c) Landlord’s opinion of the Fair Market Rental Value Per RSF of the Available Leasable Areas. If there are then no Available Leasable Areas, then Landlord Expansion Response shall so state.. ________________________________________________________________________________________________________________________