Common use of Option of renewal Clause in Contracts

Option of renewal. If Lessor is willing to renew this lease with the Lessee, then select the second statement of the checkbox. This also requires the number of times that Lessor will be willing to renew and the period of time that makes up each of these terms of renewal. (16) Renewal rental status. If this lease will be renewable then, the rent will have to be defined if the Lessee and Lessor decide to renew it at the end. Indicate if the rent does not increase, increase in the amount reached during the multiplication of the basic rent with the annual change indicated in the consumer price index (CPI), increased by a percentage that refers, or increased by a flat dollar amount that is defined by entering it. 6. Expenditure (17) Lolocation of gross expenditure. If the rental payment defined above as the net rental amount will be the full amount due from the Lessee each month, then both the Lessee and the Lessor must solidify this requirement by selecting the appropriate checkbox. (18) Changed gross lease. Lessor and Lessee must initialize the second lease option if the Lessee will be required to pay the networkas well as some additional expenses. (19) Changed gross lease taxes. The expenses that the Lessee must pay in addition to the rent must be defined. If the costs will be covered by Lessor, then an area has been provided for these elements to be established. (20) Triple Net (NNN) Locazione. If both parties agreed to start a Net Title (NNN) Locazione, then each must initialize its recognition and approval. (21) Triple Net (NNN) Cover required. If both Parties have agreed to a Triple Locazione (NNN), then the minimum amount of coverage on insurance policies that the Lessee must obtain and maintain the protection of both Parties against financial repercussions that often result from property injury, death on property, or property damage must be registered must be established in this documentation. 7. Security deposit (22) Security deposit amount. Document the amount of the money Lessee must submit to Lessor (and held temporarily, by Lessor, as a security against any property damage and costly violations of the lease contract caused by Lessee). The Lessee will receive a return of this exact amount if the lease ends successfully without accidents requiring compensation from Lessee to Lessor. Note that the time period of this return as well as the amount that can be presented as a security deposit are both subject to state and national regulations where the property is physically located. 8. Improvement of benefits (23) Obligations for improving working conditions. Anyto the property affected by Lessee but must be paid by Lessor must be listed. 14. Predefinite and possession (24)

Option of renewal. If Lessor is willing to renew this lease with the Lessee, then select the second statement of the checkbox. This also requires the number of times that Lessor ofLessor will be willing prepared to renew and the period of time that makes up each of these terms of renewal. (16) Renewal rental status. If this lease will be renewable then, the rent will have to be defined if the Lessee and Lessor decide to renew it at the end. Indicate if the rent does not increase, increase in the amount reached during the multiplication of the basic rent with the annual change indicated in the consumer price index (CPI), increased by a percentage that refers, or increased by a flat dollar amount that is defined by entering it. 6. Expenditure (17) Lolocation of gross expenditure. If the rental payment defined above as the net rental amount will be the full amount due from the Lessee each month, then both the Lessee and the Lessor must solidify this requirement by selecting the appropriate checkbox. (18) Changed gross lease. Lessor and Lessee must initialize the second lease option if the Lessee will be required to pay the networkas well as net rent and some additional expensescharges. (19) Changed gross lease taxes. The expenses that the Lessee must pay in addition to the rent must be defined. If the costs will be covered by Lessor, then an area has been provided for these elements to be established. (20) Triple Net (NNN) Locazione. If both parties agreed to start a Net Title (NNN) Locazione, then each must initialize its recognition and approval. (21) Triple Net (NNN) Cover required. If both Parties have parties agreed to a Triple Locazione (NNN)) Locazione, then the minimum amount of coverage on insurance policies that the Lessee coverthe lessee must obtain and maintain the protection of both Parties parties against the financial repercussions that often result arise from property injuryinjury to the property, death on the property, or property damage must be registered must be established in this documentation. 7. Security security deposit (22) Security deposit amountamount of security deposit. Document document the amount of money that the money Lessee lessee must submit to Lessor the lessee (and held temporarily, by Lessorthe lessee, as a security against any property damage of ownership and costly violations of the lease contract caused by Lesseelessee lessee lessee lessee). The Lessee the lessee will receive a return of this exact amount if the lease ends successfully without accidents requiring compensation from Lessee the lessee to Lessorthe lexor. Note that the time period of this return as well as the amount that can be presented as a security deposit are both subject to state and national regulations where the property is physically located. 8. Improvement of benefits (23) Obligations obligations for improving working conditions. Anyto any improvements to the property affected by Lessee the lessee but must be paid by Lessor the lexor must be listed. 14. Predefinite Default and possession (24) default period. in a case where the lessee has neglected to send the rent payment for a number of days, the lessee will be entitled to assess an amount of penalty. register the number of days after the expiry date lost the lessee will have to wait before adding an amount of penalty due to the amount of the original lessee has. (25) non-payment penalty. the payment of the penalty that the lender will add to the amount of the unpaid rent in default should bein this lease. This can be set to be calculated as a percentage of a year which is added for each day the rent is late or as a flat fee charged for each day the rent is late selecting the appropriate statement of the checkbox then documenting both the percentage rate that the Lessor will use or the dollar amount to flat payment. Only one of these statements can be applied and considered valid if the requested information is submitted. 18. Various terms (26) Municipality of government. The neighborhood, the city, or the county whose statutes determine whether advertisements are appropriate or not on this property must be established in this documentation. 22. Law of Government (27) State. Report the name of the state in which the rental property is physically located. 23. Notices (28)

Option of renewal. If Lessor is willing to renew this lease with the Lessee, then select the second statement of the checkbox. This checkboxThis also requires the number of times that Lessor will be willing to renew and the period of time that makes up each of these terms of renewal. (16) Renewal rental status. If this lease will be renewable then, the rent will have to be defined if the Lessee and Lessor decide to renew it at the end. Indicate if the rent does not increase, increase in the amount reached during the multiplication of the basic rent with the annual change indicated in the consumer price index (CPI), increased by a percentage that refers, or increased by a flat dollar amount that is defined by entering it. 6. Expenditure (17) Lolocation of gross expenditure. If the rental payment defined above as the net rental amount will be the full amount due from the Lessee each month, then both the Lessee and the Lessor must solidify this requirement by selecting the appropriate checkbox. (18) Changed gross lease. Lessor and Lessee must initialize the second lease option if the Lessee will be required to pay the networkas well as net rent and some additional expensescharges. (19) Changed gross lease taxes. The expenses that the Lessee must pay in addition to the rent must be defined. If the costs will be covered by Lessor, then an area has been provided for these elements to be established. (20) Triple Net (NNN) Locazione. If both parties agreed to start a Net Title (NNN) Locazione, then each must initialize its recognition and approval. (21) Triple Net (NNN) Cover required. If both Parties have parties agreed to a Triple Locazione (NNN)) Lease, then the minimum thethe amount of coverage on insurance policies that the Lessee must obtain and maintain the protection of both Parties against the financial repercussions that often result from property injurydamages on property, death on property, or property damage must be registered recorded must be established in this documentation. 7. Security deposit (22) Security deposit amount. Document the amount of the money Lessee must submit to Lessor (and held temporarily, by Lessor, as a security against any property damage and costly violations of the lease contract caused by Lessee). The Lessee will receive a return of this exact amount if the lease ends successfully without accidents requiring compensation from Lessee to Lessor. Note that the time period of this return as well as the amount that can be presented as a security deposit are both subject to state and national regulations where the property is physically located. 8. Improvement of benefits (23) Obligations for improving working conditions. Anyto Any improvements to the property affected by Lessee but must be paid by Lessor must be listed. 14. Predefinite and possession (24)

Option of renewal. If Lessor is willing to renew this lease with the Lessee, then select the second statement of the checkbox. This also requires the number of times that Lessor will be willing to renew and the period of time that makes up each of these terms of renewal. (16) Renewal rental status. If this lease will be renewable then, the rent will have to be defined if the Lessee and Lessor decide to renew it at the enddecideHe's late. Indicate if indicate whether the rent does will not increase, increase in the amount reached during the multiplication of the basic rent with the annual change indicated in the consumer price index (CPI), e.g.,) increased by a percentage that refers, or increased by a flat dollar amount that which is defined by entering it. 6. Expenditure expenditure (17) Lolocation lease of gross expenditure. If if the rental payment defined above as the net rental amount will be the full amount due from to the Lessee lessee each month, then both the Lessee lessee and the Lessor lessee must solidify this requirement by selecting the appropriate checkbox. (18) Changed modified gross lease. Lessor the lessee and Lessee lessee must initialize the second lease option if the Lessee lessee will be required to pay the networkas well as net rent and some additional expensescharges. (19) Changed modified gross lease taxes. The expenses that the Lessee costs which the lessee must pay in addition to the rent must be defined. If the costs will be covered by Lessorthe levy, then an area has been provided for these elements to be established. (20) Triple Net triple net (NNNnnn) Locazionelease. If if both parties have agreed to start a Net Title net title (NNNnnn) Locazionelease, then each must initialize its recognition and approval. (21) Triple Net triple net (NNNnnn) Cover coverage required. If if both Parties have parties agreed to on a Triple Locazione triple lease (NNN), nnn,) then the minimum amount of coverage on insurance policies that the Lessee lessee must obtain and maintain the protection of both Parties parties against financial repercussions that which often result from property injuryinjury to property, death on property, or property damage must be registered must be established in this documentation. 7this7. Security deposit (22) Security deposit amountImport. Document the amount of the money Lessee must submit to Lessor (and held temporarily, by Lessor, as a security against any property damage and costly violations of the lease contract caused by Lessee). .) The Lessee will receive a return of this exact amount if the lease ends successfully without accidents requiring compensation from Lessee to Lessor. Note that the time period of this return as well as the amount that can be presented as a security deposit are both subject to state and national regulations country rules where the property is physically located. 8. Improvement of benefits (23) Obligations for improving working conditions. Anyto Any improvements to the property affected by Lessee but must be paid by Lessor must be listed. 14. Predefinite and possession (24).

Option of renewal. If Lessor is willing to renew this lease with the Lessee, then select the second statement of the checkbox. This checkboxThis also requires the number of times that Lessor will be willing to renew and the period of time that makes up each of these terms of renewal. (16) Renewal rental status. If this lease will be renewable then, the rent will have to be defined if the Lessee and Lessor decide to renew it at the end. Indicate if the rent does not increase, increase in the amount reached during the multiplication of the basic rent with the annual change indicated in the consumer price index (CPI), increased by a percentage that refers, or increased by a flat dollar amount that is defined by entering it. 6. Expenditure (17) Lolocation of gross expenditure. If the rental payment defined above as the net rental amount will be the full amount due from the Lessee each month, then both the Lessee and the Lessor must solidify this requirement by selecting the appropriate checkbox. (18) Changed gross lease. Lessor and Lessee must initialize the second lease option if the Lessee will be required to pay the networkas well as net rent and some additional expensescharges. (19) Changed gross lease taxes. The expenses that the Lessee must pay in addition to the rent must be defined. If the costs will be covered by Lessor, then an area has been provided for these elements to be established. (20) Triple Net (NNN) Locazione. If both parties agreed to start a Net Title (NNN) Locazione, then each must initialize its recognition and approval. (21) Triple Net (NNN) Cover required. If both Parties have parties agreed to a Triple Locazione (NNN)) Lease, then the minimum thethe amount of coverage on insurance policies that the Lessee lessee must obtain and maintain the protection of both Parties parties against the financial repercussions that often result arise from property injurydamages on property, death on property, or property damage of ownership must be registered recorded must be established in this documentation. 7. Security security deposit (22) Security deposit amountamount of security deposit. Document document the amount of the money Lessee that the lessee must submit to Lessor the lessee (and held temporarily, by Lessorthe lessee, as a security against any property damage and the costly violations of the lease contract caused by Lesseelessee lessee lease). The Lessee the lessee will receive a return of this exact amount if the lease ends successfully without accidents requiring compensation from Lessee the lessee to Lessorthe lexor. Note that the time period of this return as well as the amount that can be presented as a security deposit are both subject to state and national regulations where the property is physically located. 8. Improvement of benefits (23) Obligations obligations for improving working conditions. Anyto any improvements to the property affected by Lessee the lessee but must be paid by Lessor the lexor must be listed. 14. Predefinite Default and possession (24) default period. in a case where the lessee has neglected to send the rent payment for a number of days, the lessee will be entitled to assess an amount of penalty. register the number of days after the expiry date lost the lessee will have to wait before adding an amount of penalty due to the amount of the original lessee has. (25) non-payment penalty. the payment of the penalty the levy will add to the unpaidthe default amount should be identified in this lease. This can be set to be calculated as a percentage of a year which is added for each day the rent is late or as a flat fee charged for each day the rent is late selecting the appropriate statement of the checkbox then documenting both the percentage rate that the Lessor will use or the dollar amount to flat payment. Only one of these statements can be applied and considered valid if the requested information is submitted. 18. Various terms (26) Municipality of government. The neighborhood, the city, or the county whose statutes determine whether advertisements are appropriate or not on this property must be established in this documentation. 22. Law of Government (27) State. Report the name of the state in which the rental property is physically located. 23. Notices (28)

Option of renewal. If Lessor Xxxxxx is willing to renew this lease with the Lessee, then select the second statement of the checkbox. This also requires the number of times that Lessor will be willing to renew and the period of time that makes up each of these terms of renewal. (16) Renewal rental status. If this lease will be renewable then, the rent will have to be defined if the Lessee and Lessor Xxxxxx decide to renew it at the end. Indicate if the rent does not increase, increase in the amount reached during the multiplication of the basic rent with the annual change indicated in the consumer price index (CPI), increased by a percentage that refers, or increased by a flat dollar amount that is defined by entering it. 6. Expenditure (17) Lolocation of gross expenditure. If the rental payment defined above as the net rental amount will be the full amount due from the Lessee each month, then both the Lessee and the Lessor must solidify this requirement by selecting the appropriate checkbox. (18) Changed gross lease. Lessor and Lessee must initialize the second lease option if the Lessee will be required to pay the networkas well as net rent and some additional expensescharges. (19) Changed gross lease taxes. The expenses that the Lessee must pay in addition to the rent must be defined. If the costs will be covered by Lessor, then an area has been provided for these elements to be established. (20) Triple Net (NNN) Locazione. If both ♪the parties have agreed to start a Net Title (NNN) Locazione, then each must initialize its recognition and approval. (21) Triple Net (NNN) Cover required. If both Parties have agreed to on a Triple Locazione (NNN)TripThe lease, then therefore the minimum amount of coverage on insurance policies that the Lessee must obtain and maintain the protection of both Parties against the financial repercussions that often result arise from property injurydamages on property, death on property, or property damage must be registered must be established in this documentation. 7. Security deposit (22) Security deposit amount. Document the amount of the money Lessee must submit to Lessor (and held temporarily, by LessorXxxxxx, as a security against any property damage of ownership and costly violations of the lease contract caused by Lessee). The Lessee will receive a return of this exact amount if the lease ends successfully without accidents requiring compensation from Lessee to Lessor. Note that the time period of this return as well as the amount that can be presented as a security deposit are both subject to state and national regulations country rules where the property is physically located. 8. Improvement of benefits (23) Obligations for improving working conditions. Anyto Any improvements to the property affected by Lessee but must be paid by Lessor must be listed. 14. Predefinite and possession (24)