Option to Renew Leases

for Your State

Agreeement between a landlord and tenant who desire to continue a lease after its expiration date.

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This Option to Renew Lease is between a landlord and tenant who desire to continue a lease at the end of its expiration. This Option to Renew is particularly vital to those who live in highly desirable areas where housing is at a premium. Having a written Option to Renew Lease will be valuable in the event there are disagreements or misunderstandings between the parties when the lease expires.

This Option to Renew Lease includes the following:
  • Parties: Sets forth the names of the landlord and the tenant;
  • Lease Information: The address of the leased premises and the signing and expiration dates of the lease;
  • Option Provisions: Sets out tenant's option to renew the lease and under what conditions the lease will be renewed;
  • Signatures: Both the landlord and tenant must sign the option.

Protect your Rights and your Property by using our attorney-prepared forms.

This attorney-prepared packet contains:
  1. General Instructions
  2. Option to Renew Lease for your state
State Law Compliance: This form complies with the laws of your state
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Option to Renew Lease

 

 
 
THIS AGREEMENT made as of       between       (the “Tenant”) and       (the “Landlord”).
 
 
WHEREAS by a lease dated       (the “Lease”) the Tenant leased from the Landlord certain premises known municipally as       (the “Leased Premises”) for and during a term, (the “Term”) of       commencing on       and expiring on      ;
 
AND WHEREAS the Landlord has agreed to provide the Tenant with an option to renew the Term for a further term of       years from       and ending on       (the “Renewal Term”) on the terms hereinafter set forth;
 
 
NOW THEREFORE in consideration of the mutual covenants and agreements herein contained and for other good and valuable consideration (the receipt of which is hereby acknowledged), the parties hereto agree as follows:
 
1.   Provided that the Tenant is not then in default under the Lease, the Landlord hereby grants to the Tenant an option (the “Option”) to renew the Lease for the Renewal Term.
 
2.   The Option may be exercised by the Tenant not later than six (6) months prior to the end of the Term by delivering to the Landlord notice in writing thereof (the “Notice”).
 
3.   The terms and conditions of the Lease during the Renewal Term shall be the same as in the Term except as to rental which shall be agreed to between the Landlord and the Tenant, and except as to any further rights of renewal. In the event that the Landlord and Tenant are unable to agree on the rental rate for a renewal term, the matter will be submitted to arbitration pursuant to the applicable law then in effect.
 
4.   This Agreement expresses the entire agreement between the parties concerning the subject matter hereof and supersedes all previous agreements, whether written or oral, between the parties respecting the subject matter hereof.
 
5.   Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of      .
 
6.   The Landlord and Tenant hereby covenant that the Lease is in full force and effect, unamended, except as expressly provided for herein.
 
 
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.
 
SIGNED, SEALED AND DELIVERED
in the presence of:
 
 
 
 
Witness
 
     
 
 
 
 
Witness
 
     
 
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28592
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Option to Renew Lease

 

 
 
THIS AGREEMENT made as of       between       (the “Tenant”) and       (the “Landlord”).
 
 
WHEREAS by a lease dated       (the “Lease”) the Tenant leased from the Landlord certain premises known municipally as       (the “Leased Premises”) for and during a term, (the “Term”) of       commencing on       and expiring on      ;
 
AND WHEREAS the Landlord has agreed to provide the Tenant with an option to renew the Term for a further term of       years from       and ending on       (the “Renewal Term”) on the terms hereinafter set forth;
 
 
NOW THEREFORE in consideration of the mutual covenants and agreements herein contained and for other good and valuable consideration (the receipt of which is hereby acknowledged), the parties hereto agree as follows:
 
1.   Provided that the Tenant is not then in default under the Lease, the Landlord hereby grants to the Tenant an option (the “Option”) to renew the Lease for the Renewal Term.
 
2.   The Option may be exercised by the Tenant not later than six (6) months prior to the end of the Term by delivering to the Landlord notice in writing thereof (the “Notice”).
 
3.   The terms and conditions of the Lease during the Renewal Term shall be the same as in the Term except as to rental which shall be agreed to between the Landlord and the Tenant, and except as to any further rights of renewal. In the event that the Landlord and Tenant are unable to agree on the rental rate for a renewal term, the matter will be submitted to arbitration pursuant to the applicable law then in effect.
 
4.   This Agreement expresses the entire agreement between the parties concerning the subject matter hereof and supersedes all previous agreements, whether written or oral, between the parties respecting the subject matter hereof.
 
5.   Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of      .
 
6.   The Landlord and Tenant hereby covenant that the Lease is in full force and effect, unamended, except as expressly provided for herein.
 
 
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.
 
SIGNED, SEALED AND DELIVERED
in the presence of:
 
 
 
 
Witness
 
     
 
 
 
 
Witness
 
     
 

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