Option To Renew Lease Clause

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Option To Renew Lease Clause
Option To Renew Lease Clause


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An Option to Renew Term is a clause commonly found in contracts particularly in lease agreements that provides the lessee or party involved the right but not the obligation to extend the term of the agreement for an additional specified period This option must typically be executed by notifying the lessor or the other party within a

WHEREAS the parties seek to revise the Lease to i extend the term of the Lease through and including June 30 2018 and ii revise the Tenant s Option to Renew

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More of Option To Renew Lease Clause

Free Lease Renewal Extension Agreement PDF Word EForms

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Free Lease Renewal Extension Agreement PDF Word EForms


A standard clause for inclusion in a lease where the tenant is to have an option to renew that lease from the end of its contractual term The option is not personal to the contracting tenant

Tenant shall have the option to renew this Lease for an additional period of years the Renewal Term by giving Landlord notice before the expiration of the initial term Such Renewal Term shall be subject to all of the terms covenants and conditions of this Lease

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Where to Find more Option To Renew Lease Clause

Free Lease Renewal Agreement Template PDF Word

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Free Lease Renewal Agreement Template PDF Word


OPTION TO RENEW LEASE AGREEMENT Tenant shall have the option to renew this Lease Agreement for a period of three 3 additional years at the same terms herein and with the same annual rental increases set forth above

Restriction to option to renew A new clause 11 5 is inserted as follows 11 5 Restriction to option to renew a Despite any other clause in this lease the Tenant may take a new lease of the Premises or any part of the Premises as nominated by the Tenant for the Further Term if and only if i the Premises or that part of the Premises

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https://afterpattern.com › clauses › option-to-renew
WHEREAS the parties seek to revise the Lease to i extend the term of the Lease through and including June 30 2018 and ii revise the Tenant s Option to Renew

Free Lease Renewal Extension Agreement PDF Word EForms
OPTION TO RENEW Sample Clauses 4k Samples Law Insider

https://www.lawinsider.com › clause › option-to-renew
Provided that Lessee is not in default in the performance of this lease Lessee shall have the option to renew the lease for an additional term of twelve months commencing at the expiration of the initial lease term

WHEREAS the parties seek to revise the Lease to i extend the term of the Lease through and including June 30 2018 and ii revise the Tenant s Option to Renew

Provided that Lessee is not in default in the performance of this lease Lessee shall have the option to renew the lease for an additional term of twelve months commencing at the expiration of the initial lease term

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