Mistakenly, I assumed that the SHRM-SCP would be the same. I didnât study as I had just taught the prep class for the PHR and SPHR. I figured if I didnât know the material, I shouldnât pass anyway! So, I registered to take the exam for free as an instructor for a SHRM Educational Partner (a local college).
Prudent landlords usually keep old leases for six or seven years. Legal obligations associated with the landlord-tenant relationship don't automatically end when the lease agreement ends.
Most commercial office leases are long-term in nature, typically 5, 7 or 10 years in length, but also typically contain provisions for extending the lease beyond the initial term. A renewal clause in a real estate lease allows a tenant to decide whether or not to extend the lease once the initial lease term expires. The key concept to remember is that the renewal option is a benefit to the Tenant.