Fast answerA negotiated right that may allow a tenant to match a third-party transaction for specified space, subject to detailed conditions.
Why it matters
It can support expansion but may be difficult to exercise within short notice periods.
What to request
Review the space, trigger, notice, response time, exclusions, frequency and interaction with other rights.
Planning example
Test the clause against a realistic internal approval timeline. 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.