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 _______________________Relevant article from our knowledge database
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