Lease Renewal definition

Lease Renewal. (option) means the right, but not the obligation of the Government to continue a lease upon specified terms and conditions, including lease term and rent.
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Lease Renewal is defined at Section 4.7(a) of the Participation Agreement.
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Lease Renewal means a legal document that extends the period of time that the original lease is in effect. A lease renewal may include minor changes to the original lease such as a change to the rental amount.
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Examples of Lease Renewal in a sentence

  • Before a lease may be renewed, the incoming and outgoing residents must all sign a Lease Renewal Agreement, agreeing to the following conditions: Rent may increase for the new lease term and will be noted on the new lease.

  • Except as otherwise agreed upon in writing by the parties, your failure to provide the Lease Renewal payment in a timely manner will result in termination of the Equipment Lease term, in accordance with the terms of this Agreement.

  • A Lease Renewal Agreement Addendum is attached if Resident includes tenant(s) who will remain in the premises without vacating at the end of a prior lease term.

  • Lease Renewal Agreement Sample We offer you our free Lease Renewal Agreement to download in PDF or Word format to modify or extend a lease with your tenant.

  • If Tenant is offered and accepts a Lease Renewal after the natural expiration of this Agreement, the new Lease Agreement shall take precedence.


More Definitions of Lease Renewal

Lease Renewal means a new lease of property currently under lease to an existing lessee or a purchaser.
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Lease Renewal has the meaning set forth in Section 8.1(c).
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Lease Renewal has the meaning set forth in the Recitals.
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Lease Renewal is defined in Section 4.4(d).
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Lease Renewal means any lease renewals, after expiry of the Lease Period, as stipulated in Clause 1.14 of the Agreement;
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Lease Renewal. (option) means the right, but not the obligation of the Government to
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Lease Renewal. Residents must submit in writing by January 5, 20 to 0000-0xx Xx. of their intention to renew the lease or not renew the lease beyond the end of the term. The Owner observes the right to show the apartment to prospective tenants in the event the current tenants have not renewed the lease by January 5, 20___.
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