Common use of OPTION TO RENEW Clause in Contracts

OPTION TO RENEW. The Tenant may: (check one) ☐ – Not Renew this Agreement. ☐ – Renew this Agreement. The tenant may have the option to renew this Agreement with a total of [#] renewal period(s) with each term being [#] year(s) [#] month(s), which may be exercised by giving written notice to the Landlord no less than 60 days prior to the expiration of this Agreement or renewal period thereafter (“Renewal Periods”). Rent for each Renewal Period shall: (check one) ☐ – Not increase. ☐ – Increase as calculated by multiplying the Rent by the annual change in the Consumer Price Index (CPI) published by the Bureau of Labor Statistics by the most recent publication to the option period start date. ☐ – Increase by [#]% ☐ – Increase by $[AMOUNT] The Initial Term and any renewal periods mentioned shall be collectively referred to as the “Term.” 10.

OPTION TO RENEW. The Tenant may: (check one) ☐ – Not Renew - Lessee may not renew this AgreementAgreement (“Renewal Periods”). ☐ – Renew this Agreement. The tenant - Lessee may have the option to renew this Agreement with a total of [#] ____ renewal period(s) with each term being [#] ____ year(s) [#] ____ month(s), ) which may be exercised by giving written notice to the Landlord Lessor no less than 60 days prior to the expiration of this Agreement or renewal period thereafter (“Renewal Periods”). Rent for each Renewal Period shall: (check one) ☐ – - Not increase. ☐ – - Increase as calculated by multiplying the Rent by the annual change in the Consumer Price Index (CPI) published by the Bureau of Labor Statistics by the most recent publication to the option period start date. ☐ – - Increase by [#]____% ☐ – - Increase by ___________________ dollars ($[AMOUNT] _______________) The Initial Term and any renewal periods mentioned the Renewal Periods shall be collectively referred to as the “Term.” 10.”

OPTION TO RENEW. The Tenant may: (check one) ☐ – Not Renew ☒ - Lessee may not renew this AgreementAgreement (“Renewal Periods”). ☐ – Renew this Agreement. The tenant - Lessee may have the option to renew this Agreement with a total of [#] ____ renewal period(s) with each term being [#] ____ year(s) [#] ____ month(s), ) which may be exercised by giving written notice to the Landlord Lessor no less than 60 days prior to the expiration of this Agreement or renewal period thereafter (“Renewal Periods”). Rent for each Renewal Period shall: (check one) ☐ – - Not increase. ☐ – - Increase as calculated by multiplying the Rent by the annual change in the Consumer Price Index (CPI) published by the Bureau of Labor Statistics by the most recent publication to the option period start date. ☐ – - Increase by [#]____% ☐ – - Increase by ___________________ dollars ($[AMOUNT] _______________) The Initial Term and any renewal periods mentioned the Renewal Periods shall be collectively referred to as the “Term.” 10.”