Parties
Full legal names of tenant and landlord as they appear in the original lease so the notice unambiguously identifies contract parties.
A properly drafted notice protects renewal rights, clarifies payment and term adjustments, and establishes a paper trail for enforcement. It reduces disputes about timing, rent, and identity of the party exercising the option.
Renewal Option Notices are used by parties directly involved in lease relationships and by professionals who manage or review lease portfolios.
Accurate completion helps preserve contractual rights and simplifies internal administration and legal review.
Full legal names of tenant and landlord as they appear in the original lease so the notice unambiguously identifies contract parties.
Reference the original lease by date, address, and lease section that creates the renewal option to tie the notice to the correct agreement.
Unambiguous statement such as 'Tenant hereby elects to exercise the renewal option under Section X for an additional term of Y months/years.'
Specify renewal term start/end dates and rent amount or formula for determining adjusted rent during the renewed term.
State permitted delivery methods (mail, email, certified mail, e-signature) and the address or recipient for notices per the original lease.
Signature line with printed name, title if applicable, and date; identify signers authorized to bind the party.
| Template Upload | Upload standardized Renewal Option Notice template | Pre-populated fields |
|---|---|
| Recipient Roles | Define roles such as Tenant Signer | Landlord Signer |
| Authentication | Set signer verification method | Email or SMS code |
| Reminders | Enable automated reminders | 3 days before deadline |
| Archive | Save signed copies to cloud storage | Retention folder |
Choose a platform that supports secure e-signature, audit trails, and integrates with your document storage and property management systems.
Ensure the platform meets regulatory needs (ESIGN/UETA) and your internal policies for access control and document retention.
Deliver notice by the date specified in the lease.
Lease may require landlord acknowledgment within a set period.
State the date when the renewed term begins.
Provide the timeframe for landlord rent recalculation notice.
Retain the executed notice from the effective renewal date.
Complete fields and obtain internal approvals before sending.
Transmit using permitted delivery method on or before the exercise date.
Document landlord confirmation or dispute within the response window.
Begin the renewed term and update lease records and billing.
A regional landlord automated notices into its lease template to capture renewals on time
A tenant used a standardized renewal notice with explicit rent formula citation to avoid ambiguity
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies | Varies | Varies | Varies |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
| Envelope Cap | No cap | 100 envelopes/user/year | Varies | Varies | Varies |