Common use of Renewal of Lease Clause in Contracts

Renewal of Lease. In case Party B requires the renewal of lease at the end of the lease period, Party B shall give written notice to Party A six months prior to the expiry of the lease period. The parties shall enter into a new lease contract. The terms of the new lease contract shall be the same as those in this Contract, but the rent shall be further negotiated and agreed by the parties. Under the same conditions, Party B shall have the priority in renewal of lease.

Renewal of Lease. In case If Party B requires needs to continue to lease the leased premises upon the expiration of the lease term of this contract, it shall submit a written application for lease renewal to Party A 30 days before the expiration of the lease term. If both parties reach an agreement on the renewal of the lease, they shall re-conclude the lease at contract or sign an agreement on the end change of the lease period, Party B shall give written notice to Party A six months prior to the expiry of the lease period. The parties shall enter into a new lease contract. The terms of the new lease contract shall be the same as those in this Contract, but the rent shall be further negotiated and agreed by the partiesterm. Under the same conditions, Party B shall have has the priority in renewal of to renew the lease.

Renewal of Lease. In case Upon expiration of the lease term of, if Party B requires needs to continue to lease the leased premises, it shall submit a written application for lease renewal to Party A 21 days prior to the lease term. If both parties reach an agreement on the renewal of lease at the end of the lease periodlease, Party B they shall give written notice to Party A six months prior to the expiry of the lease period. The parties shall enter into conclude a new lease contract. The terms of contract or sign an agreement to changing the new lease contract shall be the same as those in this Contract, but the rent shall be further negotiated and agreed by the partiesterm. Under the same conditions, Party B shall have the priority in renewal of to renew the lease.