This office lease clause provides the tenant with two consecutive renewal options each consisting of five years, under the same terms and conditions as those set forth in the lease for the initial term, except that Base Rent for the renewal terms differ.
Michigan Renewal Option Provision
Category:
State:
Multi-State
Control #:
US-OL24014
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Word;
PDF
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How to fill out Renewal Option Provision?
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FAQ
Landlords cannot legally evict a tenant without first going to court and getting an eviction order. Without an eviction order, landlords cannot do anything that prevents a tenant from having access to their home.
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.
This Lease Contract will automatically renew (see section 15) unless either party gives at least days written notice of termination or intent to move-out as required by paragraph 37. If the number of days isn't filled in, at least 60 days notice is required.
A renewal option allows for a lease to apply to a specified time period, but the lease can be extended for another term if agreed upon by the participating parties. Renewal options may have specifications or conditions, such as when the lessee must let the landlord know if they will be renewing.
Michigan landlords aren't legally required to give a particular amount of advance notice before entering a rental property. However, since the tenant has a right to quiet enjoyment of the property, 24 hours is a reasonable minimum for advance notice unless there's a provable reason otherwise.
Generally, a landlord can terminate a lease without reason at the expiration of the lease term. That means your landlord is under no obligation to renew your lease or allow you to stay on the property for additional time unless you are able to invoke an anti-retaliation law.
(2) If a tenant neglects or refuses to pay rent on a lease at will or otherwise, the landlord may terminate the tenancy by giving the tenant a written 7-day notice to quit. (3) A tenancy from year to year may be terminated by either party by a notice to quit, given at any time to the other party.
An option to renew gives the tenant the right to continue the tenancy for the option period agreed in the lease. Options to renew may be preferable to one lease of many years because they provide the tenant with a means for discontinuing the lease at the end of a specified period.
