Fast answerA lease right or process concerning additional premises, which may identify exact space, timing, rent and conditions or remain less specific.
Why it matters
A vague expansion concept may not protect growth when the business needs it.
What to request
Confirm the premises, delivery date, economics, notice, condition and competing rights.
Planning example
Compare contractual expansion with flexible planning and relocation alternatives. The example organizes arithmetic or evidence only; the transaction documents and facts determine the result.
Related decisions
Connect this term to the area, cost, building, flexibility and document provisions elsewhere in the office decision file.
Evidence boundary: office availability and quoted economics change. Confirm current premises, authority, area, costs, permitted use and documents for the specific transaction. Read the methodology.