Common use of Option to Extend Initial Term Clause in Contracts

Option to Extend Initial Term. Tenant shall have the right to extend the Initial Term of Lease for two (2) one (1) year options, by giving the Landlord written notification of said intent to extend, at least ninety (90) days prior to the end of the initial term. The rent for the First Option term shall be $16.00 per RSF. The rent for the Second Option term shall be $16.00 per RSF. Option Duration Monthly Rent Annual Rent 1 June 1, 2014 - May 31, 2015 $ 4,205.34 $ 50,464.00 2 June 1, 2015 - May 31, 2016 $ 4,205.34 $ 50,464.00

Appears in 4 contracts

Samples: Lease Agreement (Exagen Inc.), Lease Agreement (Exagen Inc.), Lease Agreement (Exagen Diagnostics Inc)

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