2. 5 year term with the option to renew at the end of the terms for an additional 5 years. I know long term commitments are a concern but in order to lock in a more attractive rate the term needs to be longer. A longer term also protects us from large rate hikes, and allows us to plan longer term. It would be possible to sublet this space if necessary. We would still be responsible for the rent until we acquired a replacement tenant. Not ideal solution, but always an option if the flexibility would be needed. | 2. 5 year term with the option to renew at the end of the terms for an additional 5 years. I know long term commitments are a concern but in order to lock in a more attractive rate the term needs to be longer. A longer term also protects us from large rate hikes, and allows us to plan longer term. It would be possible to sublet this space if necessary. We would still be responsible for the rent until we acquired a replacement tenant. Not ideal solution, but always an option if the flexibility would be needed. |