Exercising Option to Renew Lease

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date and Landlord Information

Date: {{date}}

Landlord Name: {{landlord_name}}

Landlord Address: {{landlord_address}}

Subject

SUBJECT: EXERCISE OF OPTION TO RENEW LEASE AGREEMENT FOR PREMISES AT {{property_address}}

Salutation

Dear {{landlord_name}},

Reference to Original Lease Agreement

This letter serves as formal notification of our intention to exercise the option to renew the lease agreement dated {{original_lease_date}} (the “Original Lease”) for the premises located at {{property_address}} (the “Premises”).

Terms of Renewal

As per Clause {{renewal_clause_number}} of the Original Lease, we hereby exercise our option to renew the lease for an additional term of {{renewal_term_length}} ({{renewal_term_unit}}), commencing on {{renewal_commencement_date}} and terminating on {{renewal_termination_date}}.

All terms and conditions of the Original Lease shall remain in full force and effect during the renewed term, except for adjustments expressly provided for in the Original Lease, such as rental review.

We understand that the new monthly rental amount for the renewed term will be {{new_rental_amount}} ({{currency}}) and will be payable on the {{payment_day_of_month}} of each month, in accordance with the provisions of the Original Lease.

Confirmation and Next Steps

We kindly request your confirmation of receipt of this notice and acknowledgment of our exercise of the option to renew the lease.

Please provide us with any necessary documentation or agreements required to formalise this renewal within {{response_days}} days of the date of this letter.

We look forward to continuing our tenancy at the Premises and maintaining our good working relationship.

Sincerely

Sincerely,

Signature Block

___________________________

{{tenant_name}}

{{tenant_title}}

{{company_name}}

Date: _______________