Appraisers – Renewal, Lease, Date for Valuation of Rent; Property Managers – Doing Business in Washington State #146

By Gerry NeelyB.A. LL.B. Any well drawn commercial lease containing an option to renew at a rent to be agreed upon during the renewal term either provides a formula by which the rent can be calculated, or provides that the rent will be fixed by an arbitration done pursuant to the provisions of the Commercial Arbitration …