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Notice to Lessor Exercising Option to Purchase Nebraska Form

Notice to Lessor Exercising Option to Purchase Nebraska Form

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[Music] our question today is Michael how much notice should a tenant be required to provide to exercise an option to renew their lease a lot of tenants will have an option to renew their lease in a lease as a tenant you want as many of those options as you can get as a landl typically I don't like them uh but the required notification we see it anywhere from 6 months to a year maybe on a very large lead it's 2 years or 3 years but um typically it might be 6 months if you're the landlord you want that advanc notice as much as possible in advance I'd say a minimum of a year and if you're tenant obviously just gives you more flexibility to be closer to the renewal period so I would say um a year would be a good time 6 months might be rather short when you're thinking about it as a landlord you're going to be in that no man's land and uh until that tenant exercises that renewal or not you don't know if you've

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