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.
San Diego California Notice of Intention to Exercise Option
State:
Multi-State
County:
San Diego
Control #:
US-OL24016
Format:
Word;
PDF
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Contracting officers determine prospective contractors' responsibility prior to each contract award by considering information submitted by the contractor or otherwise acquired by the agency.
(a) When exercising an option, the contracting officer shall provide written notice to the contractor within the time period specified in the contract.
The contracting officer is the U.S. Government's authorized agent for dealing with contractors and has sole authority to solicit proposals, negotiate, award, administer, modify, or terminate contracts and make related determinations and findings on behalf of the U.S. Government.
Exercising an option prior to that option's period of performance does not inherently change or modify that option's period of performance. You should never wait to exercise an option on the start date of that option's period of performance. Question 2. "FAR 52.217-9 Option to Extend the Term of the Contract.
Key Takeaways To exercise an option, you simply advise your broker that you wish to exercise the option in your contract. If the holder of a put option exercises the contract, they will sell the underlying security at a stated price within a specific timeframe.
(a) Unless otherwise approved by the Chief of the Contracting Office, contracts for services employing option periods shall require that a preliminary written notice of the Government's intention to exercise the option be furnished to the Contractor a minimum of sixty (60) calendar days prior to the date for the
When using sealed bidding, the contracting officer shall make a written determination that there is a reasonable likelihood that the options will be exercised before including the provision at 52.217-5, Evaluation of Options, in the solicitation. (See 17.207(f) with regard to the exercise of options.)
