TOP-LEGAL | Notice of Exercise of Option in Lease Template

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A Notice of Exercise of Option in Lease is a formal written notification by a tenant or landlord to exercise a right granted under the lease, such as renewing the lease or terminating it early. This notice must be served in accordance with the lease terms, including any specified timeframes and delivery methods, to be valid.

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The deadline is specified in the lease agreement and must be strictly followed—often requiring the notice to be served within a particular time window (e.g., 6 to 12 months before the lease end date).

Failure to serve the notice in the correct form or within the required timeframe may result in the loss of the option right, meaning the lease may expire or continue under less favorable terms.

Area Of Law :

Property Law

Sector :

Corporate & Business Law

Category :

Private Law

Region :

Europe