What does 'Option to renew tenancy agreement for condo rental' mean?

(f) That the Landlord shall on the written request of the Tenant made not less than TWO (02) months before the expiration of the tenancy hereby created and if there shall not at the time of such request be any existing breach or non-observance of any of the agreements and stipulations on the part of the Tenant grant to the Tenant a tenancy of the said premises for a further term of ONE (01) year from the expiration of the tenancy hereby created at the prevailing mark

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Scott Piligrimm

17 Mar 2023

When I rented a room for the first time, I didn't pay attention to the drafting of the contract, and this led to some problems that arose already during my stay. Now I'm planning to rent a new room, so I found the site https://leaseagreementtemplates.org/room-rental... in advance, where there are also obligatory clauses of the lease agreement, as well as a template that will help avoid conflicts during my stay.

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Hady

26 Apr 2021

I assume you are renting condo?
It's just to say that you are allowed to continue the rent with price negotiation (if any), once the rental contract end or near ending.

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