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Option to Renew or Extend Lease Form

Option to Renew Lease Agreement.pdf Use this form to renew or extend a lease that is about to expire.Download

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DATE: 
_____________, 20______, at  _____________________________________________________ , California.
Items left blank or un checked are not ap pli ca ble.
FACTS: 
1. This option to renew or extend is an addendum to the lease agreement 
1.1 dated  _____________, 20______, at  ______________________________________________ , California,
1.2 entered into by  _________________________________________________________ , as the Tenant, and
1.3 ________________________________________________________________________\
 , as the Landlord,
1.4 recorded _______________________, 20______, as Instrument No. ______________________,
1.5 in ________________________________________  County, California, regarding real estate referred to as
________________________________________________________________________\
_____________ .
AGREEMENT:  
2. Landlord hereby grants to Tenant the following option(s) to   renew, or   extend, the term of the lease agreement
referenced above.
2.1 The first option is for a term beginning on expiration of the original term of the lease and ending
______ year(s) thereafter. 
The rental payment schedule during the term of this renewal/extension to be ________________________
________________________________________________________________________\
______________
________________________________________________________________________\
_____________.
2.2 The second option is for a term beginning on expiration of the immediately preceding term and ending
______ year(s) thereafter.
The rental payment schedule during the term of this renewal/extension to be ________________________
________________________________________________________________________\
______________
________________________________________________________________________\
_____________.
2.3 The third option is for a term beginning on expiration of the immediately  preceding term and ending
______ year(s) thereafter. 
The rental payment schedule during the term of this renewal/extension to be ________________________
________________________________________________________________________\
______________
2.4 Other ________________________________________________________________________\
_________
________________________________________________________________________\
______________
3. Each option to renew/extend the lease expires _________ months prior to  the expiration of the lease term which
immediately precedes the renewal/extension period provided by the option.
4. A written notice of Exercise of Option to Renew/Extend Lease must be delivered prior to expiration of the option
exercised and no sooner  than ______ months before expiration of the option exercised. [See  ft Form 566]
4.1 Exercise of each option to be delivered to Landlord by certified mail or personal delivery, or by personal
delivery to Broker/Property Manager who is __________________________________________________.
Address  ________________________________________________________________________\
_______
4.2 Tenant’s failure to timely exercise any option will cause the lease to expire unrenewed and  unextended.
5. This addendum’s provisions supersede any inconsistent provisions cont\
ained in the lease agreement.
6. Other  ________________________________________________________________________\
______________
I agree to the terms stated above.  
Date: _____________, 20______
Landlord: ______________________________________
Agent: ________________________________________
Signature: _____________________________________
DRE #: ______________________________________
Address:  _____________________________________
______________________________________________
Phone:  _______________________________________
Cell:  _________________________________________
Email: ________________________________________ I agree to the terms stated above.  See attached Signature Page Addendum. [
ft Form 251]
Date: _____________, 20______
Tenant:  _______________________________________
Signature: _____________________________________
Tenant:  _______________________________________
Signature: _____________________________________
Phone:  _______________________________________
Cell:  _________________________________________
Email: ________________________________________ FORM 565                                    03-11        ©2011 first 
tuesday, P.O. BOX 20069, RIVERSIDE, CA 92516  (800) 794-0494 OPTION TO RENEW/EXTEND LEASE
Prepared by: Agent  
____________________________
                   Broker ____________________________ Phone _______________________
Email _______________________
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