Exercising Option to Renew Lease

{{company_name}}

{{company_address}}

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

Exercising Option to Renew Lease

Exercising Option to Renew Lease

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date

{{date}}

Lessor's Details

{{lessor_name}}

{{lessor_address}}

Subject: Exercise of Option to Renew Lease Agreement

Dear {{lessor_name}},

This letter serves as formal notification of our intention to exercise the option to renew the lease agreement for the premises located at {{property_address}}, in accordance with the terms and conditions stipulated in the original lease agreement dated {{original_lease_start_date}}.

Lease Details

Original Lease Commencement Date: {{original_lease_start_date}}

Original Lease Expiry Date: {{original_lease_expiry_date}}

Premises: {{property_address}}

Lease Agreement Reference Number: {{lease_reference_number}}

Renewal Term

We hereby elect to renew the lease for a further period of {{renewal_period}} (e.g., three (3) years), commencing on {{new_lease_start_date}} and expiring on {{new_lease_expiry_date}}.

Terms and Conditions

Except as otherwise provided for in the option to renew clause of the original lease agreement, all other terms, conditions, covenants, and obligations contained therein shall remain in full force and effect during the renewal term. We confirm our understanding and acceptance of any rent adjustments or other specific conditions for renewal as outlined in the original agreement or as subsequently agreed upon.

Next Steps

We kindly request your confirmation of receipt of this notice and any necessary documentation or procedures to formalise this renewal. Please advise if a new lease agreement or an addendum to the existing one is required for the renewal period.

Acknowledgement

We look forward to continuing our tenancy at {{property_address}}.

Sincerely,

_____________________________

{{tenant_company_name}}

{{authorised_signatory_name}}

{{authorised_signatory_title}}

Date: {{signature_date}}