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PF 4LEASE RENEWAL 2011 By The Landlord Protection Agency, Inc. Thelma. Release RENEWAL OPTION Date: Tenant: Tenant: Address: Address: CTV $ (Current Rental Value)Dear, Please be advised that the lease
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How to fill out lease renewal option

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How to fill out lease renewal option

01
Read the terms and conditions of the existing lease agreement thoroughly.
02
Identify the section in the lease agreement that mentions the lease renewal option.
03
Understand the specific terms and requirements for exercising the lease renewal option.
04
Determine the timeframe within which you must notify the landlord about your intention to renew the lease.
05
Prepare a written notice stating your intention to exercise the lease renewal option.
06
Include important details such as the current lease term, the desired renewal term, and any proposed changes to the lease agreement.
07
Make a copy of the written notice for your records.
08
Submit the written notice to the landlord within the specified timeframe.
09
Follow up with the landlord or property management to ensure they received the notice.
10
Review any response or counteroffer from the landlord.
11
Negotiate the terms if necessary and reach a mutual agreement.
12
Sign the lease renewal agreement once all terms have been agreed upon.
13
Keep a copy of the signed lease renewal agreement for future reference.
14
Comply with any additional requirements or obligations mentioned in the lease renewal agreement during the renewed lease term.

Who needs lease renewal option?

01
Anyone who is currently leasing a property and wishes to extend their lease beyond the initial lease term.
02
Landlords or property owners who want to offer their tenants the option to renew their lease.
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Lease renewal option is a clause in a lease agreement that allows the tenant to extend the lease for an additional period of time.
The tenant is usually required to file the lease renewal option with the landlord.
To fill out the lease renewal option, the tenant must review the terms of the current lease agreement and follow the instructions provided by the landlord.
The purpose of lease renewal option is to give the tenant the option to continue renting the property for a specified period of time.
The lease renewal option must include the desired extension period, any changes to the terms of the lease, and the signature of the tenant.
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