This is a lease with an option to purchase the premises described in the form. The parties acknowledge that speculation of availability of financing, purchase costs, and lender's prepayment penalties is impossible. Therefore, the parties agree that these items will not be conditions of performance of this Agreement and the parties agree they have not relied upon any other representations or warranties by brokers, sellers, or other parties.
Lease With Option To Extend
State:
Arizona
Control #:
AZ-LT-10
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Arizona Lease With Option To Purchase - Lease Or Rent To Own?
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FAQ
Note: Difference between option to renew and extend ? where the parties agree to ?extend? the existing lease is continued, where the parties ?renew? this creates a new lease.
up business may, for example, rent an office space for three years. A renewal option would allow the business to renew or extend the lease to remain in the office space beyond the threeyear lease term.
OPTION TO EXTEND. written notice no earlier than the date which is _______ (__) months prior to the expiration of the term of the Lease but no later than the date which is _______ (__) months prior to the expiration of the term of the Lease.
As a tenant, if you decide not to exercise your option to renew, your lease will most likely lapse, subject to some exceptions, including for example, in a retail lease situation in circumstances when a landlord has not provided the formal notification of the right to renew also ? even if a tenant misses the cut off ...
An option to renew or extend the lease means that upon the tenant's exercise of the option (choice), the provisions of the agreed-upon option are adopted for another defined term. The terms of the option can include the length of the new term, a change in rent, and other modifications.