What is the definition of Lease with option to renew? | Dictionary.net

LEASE WITH OPTION TO RENEW

\lˈiːs wɪð ˈɒpʃən tuː ɹɪnjˈuː], \lˈiːs wɪð ˈɒpʃən tuː ɹɪnjˈuː], \l_ˈiː_s w_ɪ_ð ˈɒ_p_ʃ_ə_n t_uː ɹ_ɪ_n_j_ˈuː]\

Definitions of LEASE WITH OPTION TO RENEW

1910 - Black's Law Dictionary (2nd edition)

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the right to renew the lease is given in this lease statement to the lessee when the lease term ends, renewing or changing the rate.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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