Option to Renew Commercial Real Estate Lease |
$25.00 |
| This form provides three examples of language that can be included in a commercial real estate lease, to give the tenant the contractual option to renew the lease. One of the examples in this form can also be incorporated into the Addendum to Real Estate Leases (For the Benefit of the Tenant).
Format: |
Microsoft WordOPTION TO RENEW REAL ESTATE LEASE
Example 1
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.
Example 2
Provided that Tenant is not in default beyond any applicable period to cure, at any time from the exercise of the option until the expiration of the initial term, Tenant....
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This item is included in the:
Landlord/Tenant (Commercial) Kit
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These forms are essential to anyone leasing or managing commercial real estate. Get all 12 forms in one package, all in Microsoft Word format so that you can customize and modify the forms as often as necessary.
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This item is included in the:
Landlord/Tenant (Commercial) Kit - Deluxe Edition
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