This office lease form states that the tenant shall exercise its option to renew this lease upon written notice given to the landlord no less than eighteen (18) months before the end of the lease term.
Massachusetts Notice of Intention to Exercise Option
State:
Multi-State
Control #:
US-OL24016
Format:
Word;
PDF
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How to fill out Notice Of Intention To Exercise Option?
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FAQ
(b) The contracting officer may exercise options only after determining, in writing, that all the following conditions exist: (1) Funds are available. (2) The requirement covered by the option fulfills an existing Government need.
When the Government holds an option, it may employ whatever lawful criteria it chooses when deciding whether to exercise the option. Id. Even satisfactory performance by a contractor does not impair the Government's right to refuse to exercise an option.
Notice of Intent to Assess (NIA) The NIA is an audit notice that is issued when the DOR believes you owe additional taxes. The NIA will identify the reason DOR believes your tax should be increased. The NIA is not a tax bill; it shows the amount you will owe if you do not dispute it.
For an option holder to ensure that they exercise the option on that particular day, the holder must notify his brokerage firm before that day's cut-off time for accepting exercise instructions. The brokerage firm notifies OCC that an option holder wishes to exercise an option.
If a trader owns an option that still has time left on it, they may consider selling the option or waiting to exercise it. Often it is more profitable to sell the option than to exercise it if it still has time value. If an option is in the money and close to expiring, it may be a good idea to exercise it.
In options trading, "to exercise" means to put into effect the right to buy or sell the underlying security that is specified in the options contract. To exercise an option, you simply advise your broker that you wish to exercise the option in your contract.
17.207 Exercise of options. (a) When exercising an option, the contracting officer shall provide writ- ten notice to the contractor within the time period specified in the contract.
