AUTOMATIC LEASE RENEWAL Clause Samples

AUTOMATIC LEASE RENEWAL. It is agreed that unless Lessor gives Resident, or Resident gives Lessor written notice of an intention to terminate this lease on or before the FIFTH DAY OF MARCH for the current lease term, this lease shall automatically renew itself for one year from the ending date of the lease in effect at the time of the renewal and shall continue to renew itself annually until terminated by written notice, at the highest rental rate herein provided plus a renewal increase of fifteen dollars ($15) per month for each month in the newest period. Said renewal shall be subject to all the covenants, provisions, and conditions herein contained.