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Back to Forms for 'Uniform Commercial Code (UCC)'.





Lessee is given _______________ (Number) successive options to renew the lease for a __________ year period, upon the same terms and conditions of the lease, dated ______________________ (Month & Day), _______ (Year) (if different rentals are to be applicable to renewal, add:  provided, however, the rent during each such renewal period shall be as follows):


__________ (number of months or years) $___________

__________ (number of months or years) $___________

__________ (number of months or years) $___________

__________ (number of months or years) $___________


Payable _______________ (monthly or annually in advance).  Such options must be exercised by lessees giving of a written notice of renewal to lessor, not less than ________________ days before the expiration of the terms of this lease, or any renewal of the lease.



This is a UCC Leasing provision.  It is designed to supplement UCC  

"Leasing" forms found in this category. 



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