{
  "url": "https://classa.info/glossary/expansion-right",
  "title": "Expansion right",
  "description": "Hard contractual right to lease specified additional space at a stated trigger date.",
  "oneSentenceAnswer": "Hard contractual right to lease specified additional space at a stated trigger date.",
  "tldr": [
    "Hard contractual right to lease specified additional space at a stated trigger date.",
    "A hard expansion right gives the tenant the contractual right to take additional space at one or more pre-defined trigger dates, at pre-agreed (or formula-driven) economics."
  ],
  "keyFacts": {
    "category": "Lease structure",
    "regionScope": "Global"
  },
  "pageType": "glossary",
  "lastUpdated": "2026-04-01T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/glossary/expansion-right), updated 2026-04-01T00:00:00.000Z."
}