Common use of Extension of Lease Term Clause in Contracts

Extension of Lease Term. The Lease Term is extended so that the Lease Term will additionally include the period commencing on 8/1/2024, and ending on 7/31/2025. The period of time added to the Lease Term, as set forth in the preceding sentence, is referred to herein as the “Renewal Term”. Notwithstanding this extension of the Lease Term, Resident acknowledges that Resident does not have any right to further extend the Lease Term.

Extension of Lease Term. The Lease Term is extended so that the Lease Term will additionally include the period commencing on 8/1/20248/1/2023, and ending on 7/31/20257/31/2024. The period of time added to the Lease Term, as set forth in the preceding sentence, is referred to herein as the “Renewal Term”. Notwithstanding this extension of the Lease Term, Resident acknowledges that Resident does not have any right to further extend the Lease Term.