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}}

Tel: {{phone}}

Email: {{email}}

Website: {{website}}

Date

{{date}}

Landlord Information

{{landlord_name}}

{{landlord_address}}

Subject: Exercise of Option to Renew Lease Agreement for Premises at {{property_address}}

Dear {{landlord_name}},

This letter serves as formal notification, in accordance with the terms and conditions of our Lease Agreement dated {{original_lease_start_date}} (the "Lease"), that {{tenant_company_name}} ("Tenant") hereby exercises its option to renew the Lease for the premises located at {{property_address}}, {{city}}, {{state}}, {{postal_code}} (the "Premises").

Lease Renewal Term

As stipulated in Clause [{{clause_number}}] of the Lease Agreement, the renewal term shall be for a period of {{renewal_period_years}} ({{renewal_period_years_words}}) years, commencing on {{renewal_start_date}} and terminating on {{renewal_end_date}}.

Terms and Conditions

All other terms, covenants, and conditions of the original Lease Agreement, including but not limited to rent, maintenance responsibilities, and use of the Premises, shall remain in full force and effect during the renewed term, except as may be specifically amended by mutual written agreement. We understand that the rent for the renewed term will be {{new_rent_amount}} per {{rent_period}} as per the provisions of the Lease Agreement concerning rent adjustments upon renewal.

Further Actions

We kindly request that you acknowledge receipt of this notice and provide any necessary documentation or instructions to facilitate the formalization of this lease renewal. We are prepared to execute any required amendments or new lease agreements to reflect the renewed term, in a timely manner. Please contact {{contact_person_name}} at {{contact_person_phone}} or {{contact_person_email}} to discuss the next steps.

Acknowledgement

We look forward to continuing our tenancy at the Premises. Thank you for your attention to this matter.

Sincerely,

___________________________

{{tenant_company_name}}

{{authorized_signatory_name}}

{{authorized_signatory_title}}

Date: _______________