Extension of Broward County Office Lease at 540 NE 4th Street

Original title: MOTION TO APPROVE First Amendment to the Lease Agreement between Broward County (Tenant) and 540 Realty LLC (Landlord), to extend the term of the lease for an additional three year period beginning October 19, 2026, provide two additional renewal options of three years each if exercised, update the base rent schedule, update certain maintenance and repair obligations, update certain termination rights, update certain parking signage requirements, and modify certain notice requirements, for approximately 1,717 square feet of space located at 540 NE 4th Street, Suite 100, Fort Lauderdale, Florida 33301; and authorize the Mayor and Clerk to execute same. (Commission District 4)

Record date · May 12, 2026

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What This Bill Does

Broward County is proposing to extend its lease for 1,717 square feet of office space in Fort Lauderdale for an additional three years starting in October 2026. The agreement also includes options for two further three-year renewals and updates to rent, maintenance, and parking requirements.

Why it matters

This action commits county funds to a specific office location in Fort Lauderdale through at least 2029, with potential extensions through 2035.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Indirectly affected

Broward County taxpayers

County funds are used to pay the rent and maintenance costs associated with this lease.

Directly affected

540 Realty LLC

The company will continue to receive rent payments from the county under updated terms.

Key Facts

The lease term is extended for three years beginning October 19, 2026.
The agreement provides two additional renewal options of three years each.
The leased space consists of approximately 1,717 square feet.
The location is 540 NE 4th Street, Suite 100, Fort Lauderdale, Florida.

Show all 10 facts

The amendment updates the base rent schedule.
The amendment updates maintenance and repair obligations.
The amendment updates termination rights.
The amendment updates parking signage requirements.
The amendment modifies notice requirements.
The Mayor and Clerk are authorized to sign the agreement.

Frequently Asked Questions

When does the new lease term begin?

The extension begins on October 19, 2026.

How long can the county stay in this space under the new agreement?

The initial extension is for three years, with two additional three-year renewal options available, potentially extending the lease until 2035.

What else do you want to know?

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Sources

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Significance30
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Controversy5
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Entertainment5
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