Ozbiz PCLawyer

Leasing

Do you lease property with an option to renew? Did you know that most leasing contracts with an option to renew contain a proviso that the option must be exercised before a certain date or it lapses. Usually this date is well in advance of the expiration date of the first lease.

This section of Ozbiz PCLawyer contains a document you can use to enforce the exercise of your option to renew.