Towards the end of a lease, parties need to consider if the lease agreement will continue and if so, on what terms. A lease renewal starts a new lease agreement, with potentially different terms to the existing lease. A lease extension continues with the existing lease with potentially updated terms. It is important to have a lawyer prepare or draft lease renewal or extension documents to avoid errors and conflicting information.

Right to Renew

Your lease may specify an option to renew a lease. If you are not certain whether the option is provided and how to exercise the option to renew, our commercial leasing lawyer can assist by reviewing your lease and providing you with legal advice.  If your lease does not have an option for renewal but the parties want to continue the lease, our leasing lawyers can help negotiate and document new lease terms.

Changes to Lease Terms

A lease renewal or extension offers an opportunity to reassess rental terms, conditions, and obligations. Whether you are a landlord seeking to update lease conditions or a tenant seeking to negotiate better terms, we can assist with negotiation and drafting legal documents to reflect the parties’ negotiated outcome.

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Whether you are a commercial tenant or landlord, our commercial leasing lawyers provide tailored legal services to help you navigate the renewal process smoothly and efficiently.