Examples of Renewal Option Notice in a sentence
The Renewal Option Notice shall remind Resident of the requirements regarding the Termination Notice and the month-to-month tenancy provisions.
Prior to the Lease End Date, Landlord may, but shall not be obligated to, send Resident a notice (the " Renewal Option Notice").
The Renewal Option Notice also shall inform Resident of the amount of Rent for the Renewal Term (the "Renewal Rent") and any changes to the terms of the Lease that apply to the Renewal Term.
Tenant shall forever waive its right to exercise a renewal option if it shall, for any reason whatsoever, fail to give such Renewal Option Notice to Landlord within the time and in the manner provided for the giving of such notice, whether such failure is inadvertent or intentional, TIME BEING OF THE ESSENCE as to the exercise of such renewal option and the giving of such notice.
The Renewal Option Notice also shall notify Resident that, if Resident desires to renew the Lease for a renewal term as stated in the Renewal Option Notice (the "Renewal Term"), Resident may so renew by (a) signing and marking the renewal option on a renewal form (the "Renewal Form") that shall accompany the Renewal Option Notice, and (b) returning the signed and completed Renewal Form to Landlord no later than the date stated in the Renewal Form.
Lessee shall forever waive its right to exercise a Renewal Option if it shall, for any reason whatsoever, subsequently fail to give such Renewal Option Notice to Lessor within the time and in the manner provided for the giving of such notice, whether such failure is inadvertent or intentional, TIME BEING OF THE ESSENCE as to the exercise of such Renewal Option and the giving of such notice.
If Tenant fails to give Landlord the Renewal Option Notice within such specified time period, Tenant shall be deemed to have elected not to exercise, and to have waived, the Renewal Option, which shall be of no further force or effect.
Resident shall pay the first month's Rent before the Renewal Option Notice, and (b) returning the signed and completed the Lease Start Date.
The Renewal Option Notice also shall inform Resident of the month and shall be payable on the Lease Start Date.
In the event there exists by Tenant a default under this Lease, beyond applicable notice and cure periods, on the date the Renewal Option Notice is sent or any time thereafter up to and including the date the Renewal Term is to commence, then, at Landlord’s option, the Renewal Term shall not commence and the initial Lease Term (or prior Renewal Term, as applicable) shall expire at the date it would have expired without such renewal.