A tenant who expects her business to grow may wish to have a clause included in her lease that grants her the choice to lease adjacent space as soon as it becomes available. This lease option is more commonly referred to as a:

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The clause described in the question is commonly known as the "right of first refusal" which grants the tenant the option to lease adjacent space before it is offered to anyone else. A relocation option is a clause that allows the landlord to move the tenant to a different space within the same building or complex. A renewal option grants the tenant the option to extend the lease for a specified term after the initial lease term has ended. Consideration is something of value (like money) that is exchanged between parties to a contract.

A Tenant Who Expects Her Business to Grow May Wish