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.
Wyoming Renewal Option Provision
Category:
State:
Multi-State
Control #:
US-OL24014
Format:
Word;
PDF
Instant download
Description
How to fill out Renewal Option Provision?
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FAQ
Auto-renewal (also known as autorenewal or automatic renewal) is a billing model in which a customer's subscription to a service (like a software subscription) is automatically renewed at the end of an agreed upon period of time.
Most insurance companies offer an automatic renewal option when the policy period ends, which is usually every six or 12 months. A provider that does will typically mail or email you a renewal notice about a month before your policy expires.
An automatic renewal clause (sometimes referred to as an evergreen or self-renewal clause) is a contractual provision that operates at the end of a contract's current term to automatically extend the term for a specified period of time, unless one of the parties provides notice of its intent not to renew.
An automatic renewal clause is a provision within a contract stipulating that a contract will automatically renew for a subsequent term unless one of the parties provides prior notice emphasizing their intention to discontinue the partnership.
An automatic renewal clause (sometimes referred to as an evergreen or self-renewal clause) is a contractual provision that operates at the end of a contract's current term to automatically extend the term for a specified period of time, unless one of the parties provides notice of its intent not to renew.
