Commercial Lease Renewal.. after Build Out Questions
So I leased a 2- story commercial building (2700 sq. ft.) to a tenant 5 years ago at $ per sq. ft..

After the tenant completed their buildout, most of the second floor is gone and the sq. ft. is around 2200 now..

How would a renewal be calculated.. method? 

Is there a technical term for this scenario, commercial leasing?
[{"id": "igfvj07", "text": "If the Tenant is renewing it's based off the original site parameters.  Landlord did not force Tenant to remove sqft.  That's Tenant decision based on their use.  Move forward using 2700sqft per the original lease.", "replies": [], "depth": 1}, {"id": "iggc39g", "text": "I don\u2019t understand. How is the building now 2200 SF? A building never loses RSF unless you demolish a part of it.", "replies": [{"id": "igglfqb", "text": "You can remove rentable square footage with improvements or finish out if I\u2019m not mistaken", "replies": [{"id": "ighc9s0", "text": "How?  Like did they convert it into common property?", "replies": [{"id": "ighj5ap", "text": "Turn a floor into a mezzanine. Make a cut out. Remove part of the floor. Smaller building.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iggi4hv", "text": "Where did the second floor go?", "replies": [], "depth": 1}, {"id": "ighjcg8", "text": "You\u2026 let them make the building smaller? They negatively impacted your value. Must be a great lease. If their original lease was based on 2700 Sq ft then require it to be based off of the original footage. Their improvements, while maybe improving the aesthetics, diminished the building\u2019s value by minimizing the primary factor used to value the building. So, just have your counsel provide language that states the square footage is based on the condition they received the building in.", "replies": [], "depth": 1}]