The Lease Amendment describes two primary actions: extending your lease term and selling your leasehold. This website is designed to help you with the processes for taking these actions.
Under the Lease Amendment, you may request lease extensions multiple times and at any time up to the expiration date of the original Stanford Creek or Stanford Hills lease term. You can choose the number of years desired for the extension as long as the total combined new lease term does not exceed 51 years. The process for extending your lease and determining the Extension Fee can be found by clicking the link below.
Learn MoreUnder the Lease Amendment, if you want to sell your leasehold, Stanford has the first right, but not the obligation, to purchase the leasehold at the price you propose. The Lease Amendment describes this as Stanford’s Right of First Offer (“ROFO”). The process for selling your leasehold can be found by clicking the link below.