It’s scary to think that there are some key dates that, if missed, could cause severe damage to your business. How about the six most critical lease dates for businesses?


  1. Security Deposit Reductions are now available. 

Through this system, tenants may be entitled to a decreased amount of money for their security deposit, allowing them to save on rental expenses. Hughes Marino representation firm advises those interested should look into what benefits and requirements come with this option.


  1. Notification of Renewal Option

A landlord must notify tenants three months before the lease expires if they intend to renew the lease term. If renewal is not an option, a landlord must give notice with the reason why, as Hughes Marino´s staff members inform. This requirement applies to all leases, including month-to-month ones.


  1. Tenant Improvement Allowance Submission

The landlord must provide all tenants with the particulars on submitting plans for improvement. This must be done before approval for approval of the plan. When informed, as Hughes Marino informs, a tenant should submit the following items:

Copy of the written lease

– Plans detailing the proposed work

– A signed lease renewal agreement

– A signed Tenant Improvement Plan Submission Form


  1. Predicted Beginning and End Dates

A landlord must provide accurate predictions on these dates and allow tenants a reasonable amount of time to get their affairs in order. Hughes Marino has dealt with lots of cases that concern this matter.


  1. Base Year Resets

This means that the base year of various metrics and calculations can be changed over time to reflect shifts in standards, regulations, and desires. When a base year reset occurs, existing variables may need re-evaluation, and new baselines may be established as part of the process. Additionally, any communications or discussions around implementation changes can help prevent confusion and ensure accurate outcomes for future analysis. Hughes Marino works closely with clients to assure the best deal for them.


  1. Termination and Option Variations of Expansion/Reduction

If you are a tenant and wish to expand or reduce the size of your company, the landlord has to approve the request. It would help if you then gave them notice of this change in writing as Hughes Marino informs.

Abandonment: If a business were to leave its space (perhaps merge with another, or close down), it is not obligated to remove all of its property. The landlord only requires the business to remove items deemed hazardous and replace any missing parts that may hinder access to other spaces (like bathroom fixtures).