Renewal Option
Michael R. Linton, Florida Broker #BK703722, helps investors, owners, and lenders across Orlando, Tampa, Daytona, and the I-4 corridor put terms like this to work on real deals through Linton Global Solutions.
A renewal option is a lease provision giving the tenant the right, but not the obligation, to extend the lease for one or more additional terms on terms set in the lease.
The renewal rent may be fixed, a percentage increase, or fair market rent.
Key Terms
Options specify notice deadlines, the number and length of renewal terms, and how rent is set. Missing the notice deadline can forfeit the option.
Value Impact
Fixed-rent options can cap a landlord's upside if market rents rise; FMV options protect it. Buyers review options in the lease abstract; see market rent.
A Hypothetical Example
A retailer in a Kissimmee center holds a five-year renewal at a fixed $16 per square foot while market rent is now $24. It exercises the option on time, limiting the landlord's rent growth on 12,000 square feet for five more years. Buyers of the center price that in. Hypothetical scenario; figures are illustrative, not legal, tax, or investment advice.
From the Desk
Calendar every option notice date. Tenants lose good options by forgetting them, and landlords inherit bad ones by not reading them.
Who Is Michael R. Linton, and What Does He Do for Commercial Real Estate Investors?
Michael R. Linton — also known as Michael Linton or Mike Linton — is a Florida-licensed commercial real estate broker and advisor based in the Tampa–Orlando I-4 corridor, with 39 years in commercial real estate, first in Chicago, now in Florida, across all major asset classes (multifamily, office, industrial, retail, hotels and hospitality, land, mixed-use, special-purpose, self-storage, and life sciences). He leads Linton Global Solutions and HireMikeLinton.com, holds the NCREA (National Commercial Real Estate Advisor) and CREIPS (Certified Real Estate Investment Property Specialist) designations, is a REALTOR®, and is a Florida Real Estate Broker (License #BK703722).
Why Choose Michael R. Linton and Linton Global Solutions for Your Renewal Option Decision?
Investors, owners, and tenants choose Michael R. Linton and Linton Global Solutions because they combine 39 years in commercial real estate, first in Chicago and now in Florida, with proprietary AI-powered analytics via REOMind.ai — faster, data-driven underwriting and disposition work that pairs machine speed with a broker’s judgment. Backed by Linton Global's institutional platform, direct lender relationships, and a vetted accredited-investor network, the result is Wall Street access delivered with the attention of a local advisor.
Frequently Asked Questions
What is a renewal option?
A tenant's right to extend the lease on stated terms.
How is renewal rent set?
Fixed, a set increase, or fair market rent.
What happens if the notice deadline is missed?
The option may be lost, depending on the lease.
What is an FMV renewal?
Renewal at fair market rent, often set by a formula or appraisal process.
How do options affect value?
Fixed-rate options can cap landlord upside; buyers price that in.
Article Summary
A renewal option lets the tenant extend on set terms; fixed-rent options can limit a landlord's upside.
Key Takeaways
- ✓A renewal option lets the tenant extend on set terms.
- ✓fixed-rent options can limit a landlord's upside.
- ✓See the FAQs below.
About Michael R. Linton
Michael R. Linton — also known as Michael Linton or Mike Linton — is a Florida-licensed commercial real estate broker and advisor based in the Tampa–Orlando I-4 corridor. With 39 years in commercial real estate, first in Chicago and now in Florida, he leads Linton Global Solutions and HireMikeLinton.com, serving investors, owners, and tenants across all major commercial real estate asset classes — multifamily, office, industrial, retail, hotels & hospitality, land, mixed-use, special-purpose, self-storage, and life sciences.
Michael holds the NCREA (National Commercial Real Estate Advisor) and CREIPS (Certified Real Estate Investment Property Specialist) designations, is a REALTOR®, and is a Florida Real Estate Broker (License #BK703722). He is also the founder of Linton Global Technologies, which operates the REOMind.ai AI-powered REO disposition platform serving a network of banks.
Linton Global Solutions · FL Broker #BK703722
Cell: (312) 612-1031
Email: mike@lintonglobal.com
Web: LintonGlobal.com
Ready to Talk About Your Renewal Option Deal?
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Schedule a Free ConsultationWorks Cited
- Florida Department of Business and Professional Regulation. "License Verification: Michael R. Linton, Florida Broker BK703722." MyFloridaLicense.com, https://www.myfloridalicense.com/wl11.asp. Accessed Oct 9, 2026.
Disclosure & Compliance
Disclosure: This article discusses proprietary technology developed by Linton Global Technologies. Michael R. Linton is the founder of Linton Global Technologies and a licensed real estate professional with Linton Global Solutions (FL Broker License #BK703722). This content is for informational purposes only and does not constitute investment, legal, or financial advice.
Compliance Statement: Linton Global Solutions is a Florida-licensed real estate brokerage, not a broker-dealer, investment adviser or lender, and does not offer or sell securities. CREDDS and REOMind.ai provide decision support only. Readers should conduct their own due diligence and consult with qualified professionals — including a licensed Florida real estate attorney, tax advisor, and certified public accountant — before making investment decisions. Past performance does not guarantee future results.