Option to Renew
£5.00 ex. VAT (£6.00 inc. VAT)
Option to Renew Clause with RPI
This clause is for insertion into a tenancy agreement to allow the tenant to renew the tenancy for a further year on the same terms and conditions. It includes a provision for the rent to be increased in line with the percentage increase in the Retail Prices Index. Note that if this clause is inserted in a tenancy agreement then the tenant will have a contractual right to extend the tenancy for a further year irrespective of the landlord’s views.