Common use of Renewal Options Clause in Contracts

Renewal Options. The Lessee shall: (check one) ☐ - Have the option to renew this Agreement by providing at least [#] days’ notice before any ending termination date. The Lessee shall have [#] renewal period(s) as follows: 1st Renewal Period: From [START - MM/DD/YYYY], to [END - MM/DD/YYYY]. Monthly Rent: [AMOUNT (IN WORDS)] Dollars ($[AMOUNT (AS A NUMBER)]) 2nd Renewal Period: From [START - MM/DD/YYYY], to [END - MM/DD/YYYY]. Monthly Rent: [AMOUNT (IN WORDS)] Dollars ($[AMOUNT (AS A NUMBER)]) The Initial Term and any renewal periods shall be referred to as the "Term.” ☐ - Not have the option to renew this Agreement.

Renewal Options. The Lessee shall: (check one) ☐ - Have the option to renew this Agreement by providing at least [#] [#] days’ notice before any ending termination date. The Lessee shall have [#] [#] renewal period(s) as follows: 1st Renewal Period: • From [START [START - MM/DD/YYYY]YYYY], to [END [END - MM/DD/YYYY]. YYYY]. • Monthly Rent: [AMOUNT [AMOUNT (IN WORDS)] WORDS)] Dollars ($[AMOUNT [AMOUNT (AS A NUMBER)]NUMBER)]) 2nd Renewal Period: • From [START [START - MM/DD/YYYY]YYYY], to [END [END - MM/DD/YYYY]. YYYY]. • Monthly Rent: [AMOUNT [AMOUNT (IN WORDS)] WORDS)] Dollars ($[AMOUNT [AMOUNT (AS A NUMBER)]NUMBER)]) The Initial Term and any renewal periods shall be referred to as the "Term.” ☐ - Not have the option to renew this Agreement.