An option given to the lessee to extend the lease term at the expiration of the original term.
Lessee's option to renew a lease contract when it ends.
a contractual opportunity to renew the lease contract.
An option given to the lessee to extend the term of a lease at the expiration of the base term.
Lease language that provides the means for the tenant to give the landlord notice of its intent to renew or extend the lease.
An option that allows the policyholder to renew a term policy before its termination date without having to provide evidence of insurability.
An option at the end of the lease term, where you may renew your lease for a specific period of time.
the fight, but not the obligation, of a tenant to continue a lease at specified term and rent
an option the customer has to continue a rental agreement by paying the stated rental rate.
A clause giving a tenant the right to extend the term of a lease, usually for a stated period of time and at a rent amount as provided for in the option language.
A right which arises out of a term in a contract and takes effect at or near the termination date of a contract; the party who enjoys the right may choose to continue the agreement on terms as set out in the option clause or to treat the contract as at an end upon the termination date.
The right of a tenant to renew (i.e., extend the term of) a lease for a stated period of time and rent at an amount that can be determined. To Top
States whether the tenant has the option to renew the lease when it expires, the term of the option, and the amount of rent to be paid during the renewal term.
An option exercisable by the lessee at the end of the lease term that allows the lessee to extend the lease term for an additional predetermined period of time beyond the expiration of the intial lease term (i.e. an additional month, quarter, year, two years, etc.), and often involves some reduction in the original periodic lease payment for the duration of the renewal period.
An option in the lease agreement that allows the lessee to extend the lease term for an additional period beyond the expiration of the initial lease term, in exchange for lease renewal payments.
An End-of-Term option which allows the Lessee to extend the lease term beyond the base term.
An option to renew the lease at the end of the initial lease term.
See Lease Renewal Option.
A lease clause that allows the lessee to extend the lease under specified terms for a certain period of time.
A covenant in some leases which gives the lessee the right to extend the lease term for a certain period, on specified terms.
A right without any obligation, of a tenant to continue a lease at a specified term and rent.