EXTENSION (TYPE B)
Re: Lease Renewal
is to notify you that we are exercising the option to renew our lease of
________________________ (Description of Leased Property) for a further term of
_________ years, contained in section ________________ of the lease.
advise us of the rent you propose to charge in the renewed term so that we can
decide whether or not to accept the renewal or to submit the matter to
arbitration in accordance with the provisions of section _____________________
of the lease.