Common use of PERIOD OF LEASE Clause in Contracts

PERIOD OF LEASE. The lease shall commence on the commencement date of the contract as stated above and shall continue for a fixed period. If the occupant is a natural person then the occupant will have the right to cancel or extend the lease by giving the Lessor 30 business days’ notice in writing or other recorded manner and form. Should the occupant fail to notify the Lessor of any intended termination or extension, the agreement will automatically continue on the same terms and conditions as set out in this agreement on a month to month basis.

PERIOD OF LEASE. The lease shall commence on the commencement date of the contract as stated above and shall continue for a fixed periodperiod terminating on the . If the occupant is a natural person then the occupant will have the right to cancel or extend the lease by giving the Lessor 30 20 business days’ notice in writing or other recorded manner and form. Should the occupant Lessor fail to notify the Lessor occupant, not more than 80 days and not less than 40 days before the fixed term lease expiry date, in writing or in any other recordable form of any intended termination or extensionmaterial changes to the agreement and the options available to the occupant, the agreement will automatically continue on the same terms and conditions as set out in this agreement on a month to month basisbasis should the agreement not be terminated on the termination date.