Option to Renew Commercial Real Estate Lease
OPTION 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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