Owner Must Send Statutory Notice of Automatic Renewal Provision

July 30, 2013
| Share | Print

Facts: The initial term of a lease between an owner and its tenant, a supermarket, was for 20 years and contained an option for the tenant to renew four times for five-year extension periods. Under the initial term, the lease would automatically renew unless the tenant notified the owner that it intended not to renew within 120 days of the end of the lease term.

Full Article Access:

Full access to complete articles from Commercial Tenant's Lease Insider is for subscribers only.

Not yet ready to subscribe?