Landlord sent the intent letter and it’s all signed listing next 5 years rental rate and states this is a renewal in terms of the option. The original lease is in full effect for any and all other terms.
Does this act as the 5 year renewal option? Because now LL wants to do a lease modification out of no where and restrict use and add on extra items.
Do I need to sign the lease modification legally, if I already signed a lease renewal intent that clearly states rental terms and that all other lease terms remains the same?
Very hard to answer without reading the lease, the option, and the modification.
First, here you use terms including "extension" option and "renewal" option. Those are legal terms of art that the law treats differently.
I do commercial leasing. Often tenants will want a renewal option and landlords will want an extension option. A renewal option means that the lease renews again without any changes. Landlord's usually do not want that.
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