Renegotiating rent down in exchange for extending the term.

  • Renegotiating rent down in exchange for extending the term.
  • Tenant-friendly renegotiation tool: extend the lease (giving the landlord term certainty) in exchange for a rent reduction or holiday.

Blend and extend

Leasing · US

Short definition

Renegotiating rent down in exchange for extending the term.

Full definition

Tenant-friendly renegotiation tool: extend the lease (giving the landlord term certainty) in exchange for a rent reduction or holiday. Most common when current market rent is below the existing rent and the lease has 2+ years to run.

Why this matters for Class A leasing

Blend and extend is part of the leasing vocabulary that institutional Class A occupiers, landlords, and advisers use across US markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks the US definition alongside the global standard so cross-border occupiers can translate quickly.