Exercising Option to Renew Lease

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}}

Website: {{website}}

Date

{{date}}

Landlord's Details

{{landlord_name}}

{{landlord_address}}

{{landlord_phone}}

{{landlord_email}}

Subject: Exercise of Option to Renew Lease Agreement - {{property_address}}

Dear {{landlord_name}},

Body of Letter

This letter serves as formal notification of our intention to exercise the option to renew the lease agreement for the property located at {{property_address}} (hereinafter referred to as 'the Premises').

As per Clause {{renewal_clause_number}} of our current lease agreement, dated {{original_lease_start_date}}, we hereby confirm our decision to renew the lease for a further period of {{renewal_period}} (e.g., one year, two years), commencing on {{new_lease_start_date}} and terminating on {{new_lease_end_date}}.

We understand that the terms and conditions of the renewed lease will be in accordance with the provisions outlined in the original lease agreement, subject to any agreed-upon adjustments or market-related escalations as specified in the aforementioned clause.

We kindly request that you prepare the necessary documentation for the renewal of the lease agreement at your earliest convenience, for our review and execution. Please advise if there are any specific procedures or documents required from our end to facilitate this renewal.

Contact Information

Please contact {{contact_person_name}} at {{contact_person_phone}} or {{contact_person_email}} to discuss the next steps.

Closing

Thank you for your continued partnership.

Sincerely,

Signature Block

_____________________________

{{tenant_company_name}}

{{authorised_signatory_name}}

{{authorised_signatory_title}}

ID Number: {{authorised_signatory_id_number}} (if applicable)