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.

Lease Renewal is defined at Section 4.7(a) of the Participation Agreement.

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.

Examples of Lease Renewal in a sentence

• 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.

• 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.

• 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.

• Any Renewal Term of this Agreement shall automatically further extend upon the commencement of any additional Lease Renewal Term under the Lease and shall expire on the date such Lease Renewal Term expires under the Lease, unless terminated earlier in accordance with the express terms of Section 16.2 of this Agreement.

• The Initial Term of this Agreement shall automatically extend (any such extension, a “Renewal Term”) upon the commencement of any Lease Renewal Term under the Lease and shall expire on the date such Lease Renewal Term expires under the Lease, unless terminated earlier in accordance with the express terms of Section 16.2 of this Agreement.

More Definitions of Lease Renewal

Lease Renewal means a new lease of property currently under lease to an existing lessee or a purchaser.

Lease Renewal has the meaning set forth in Section 8.1(c).

Lease Renewal means any lease renewals, after expiry of the Lease Period, as stipulated in Clause 1.14 of the Agreement;

Lease Renewal has the meaning set forth in the Recitals.

Lease Renewal is defined in Section 4.4(d).

Lease Renewal the tenancy agreement dated 30 April 2019 entered into between Midland Alliance and Xxxx Xxx, details of which are set out under the section headed “Principal terms of the Lease Renewal” in this announcement

Lease Renewal shall have the meaning provided in Section 2.18 of the Participation Agreement.