The primary feature of the Lease Extension Offer is the ability, through signing a Lease Amendment, to extend the lease term if specified conditions and requirements are met. The Lease Amendment also provides Stanford the first right to purchase the leasehold (referred to in the Lease Amendment as the ROFO) when the lessee wishes to sell. To learn more about the details, we encourage you to read the Guide to Stanford’s Lease Extension Offer (the “Guide”) and the Lease Amendment.
You may sign up anytime within the first six months after Stanford makes the Offer. The sign-up period extends from April 24, 2013, to October 31, 2013.
For lessees who accept the Offer and sign the Lease Amendment, Stanford will add a total of ten free years to the current lease term.
Participation in this Offer is at your complete discretion. You may notify us of your decision by completing the Lease Extension Offer Participation Form provided below. If you wish to participate, you will need to submit this form to Stanford by October 15, 2013, so that you will be able to execute the Lease Amendment prior to the expiration of the Offer.
Please refer to the Guide for an overview. Click on Extend/Sell to learn about the process for primary actions under the Lease Amendment.
The standard forms of Lease Amendment and Memorandum for each of the subdivisions are available for your review.