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I have a Las Vegas Executive Suite and need to upgrade to a larger space; do I need to wait until my current lease expires?
You don’t have to wait until your current lease expires unless the center does not have the space you need. Most centers will allow you to “move” into the larger suite with the same lease term and expiration; however, others will make you sign a whole new lease agreement, so make sure to ask all the pertinent questions first. Concurrently, if you need to downsize, make sure you have fulfilled your entire lease term otherwise you could be subject to forfeiting your security deposit and repaying any discounted rents given. Most centers require a 30 day written notice if you wish to terminate your lease all together.
Chris Johnson, Leasing
