Which option is seen as a benefit to the lessee rather than the lessor?

The option that is recognized as a benefit to the lessee, rather than the lessor, is the renewal provision. This provision gives the lessee the option to extend the lease for an additional term under specified conditions. The lessee benefits from this arrangement because it provides them with the security of being able to continue occupying the space without the risk of being displaced or having to start a new search for a property.

Renewal options are particularly valuable in a stable or growing market, where the lessee may prefer to keep their current location rather than deal with potential rent increases or moving costs associated with relocating. This can also be advantageous if market conditions change drastically, allowing the lessee to continue their leasing arrangement under previously negotiated terms which can be more favorable than current market rates.

In contrast, the other options—escalator, expense stop, and tax stop—are arrangements that typically provide financial advantages or protections for the lessor, potentially limiting the lessee’s exposure to costs or obligations, rather than directly benefiting the lessee in terms of security or stability in remaining in the property.