A Notice to Exercise Lease Option is a document sent from a tenant to a landlord or property owner indicating the tenant's intent to exercise their option to extend their lease. The notice states the tenant's intent to extend the lease, the length of the extension, and any additional considerations or terms that may apply. There are two types of Notice to Exercise Lease Option: 1. Early Exercise Lease Option: This notice is sent when the tenant wants to exercise their right to extend the lease before the current lease term has expired. 2. Late Exercise Lease Option: This notice is sent when the tenant wants to exercise their right to extend the lease after the current lease term has expired.
Notice Lease
State:
Multi-State
Control #:
US-0576SB
Format:
Word;
Rich Text
Instant download
Description Exercise Lease Agreement
Notice to Exercise Lease Option
A Notice to Exercise Lease Option is a document sent from a tenant to a landlord or property owner indicating the tenant's intent to exercise their option to extend their lease. The notice states the tenant's intent to extend the lease, the length of the extension, and any additional considerations or terms that may apply. There are two types of Notice to Exercise Lease Option: 1. Early Exercise Lease Option: This notice is sent when the tenant wants to exercise their right to extend the lease before the current lease term has expired. 2. Late Exercise Lease Option: This notice is sent when the tenant wants to exercise their right to extend the lease after the current lease term has expired.
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