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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.

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PainSmith Solicitors,
1 Mansfield Business Park,
Station Approach,
Lymington Bottom Road,
Medstead, Hampshire
GU34 5PZ

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Authorised and Regulated by the Solicitors Regulation Authority (SRA Number 562686)

Painsmith Solicitors Limited trading as Painsmith Solicitors, Director: Marveen Smith. Registered No. 07617210.

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