Do I need another actual lease for a 5 year extension option?
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?
1 attorney answer
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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