Table 2 Potential scenarios for counterparties at lease expiration
From: Valuing options to renew at future market value: the case of commercial property leases
Scenarios | Tenant | Landlord |
|---|---|---|
With option | Renew | Renewal lease |
Search for a new lease | Search for a new lease | |
Purchase | ||
Without option | Search for a new lease | Search for a new lease |
Purchase |