Option to Renew:
Including this provision will allow the lessee to automatically renew the lease at the lessee’s option after the initial term expires. Allowing the lessee that right can make the agreement more flexible because the lessee knows it can remain in the premises if it needs to, but is not required to remain longer than the initial term. If you would like to include such a provision in your lease, simply select “yes” from the drop down list in the online form. Otherwise, select “no”.
Note: if you choose to include this provision by selecting yes, you will be prompted to enter the number of renewal options (up to five) the lessor has, the length of each successive renewal term (in months), and how the rent will change for the subsequent terms.