Common use of EXTENSION OF LEASE Clause in Contracts

EXTENSION OF LEASE. At the end of the period as stated in the agreement, the lease will automatically covert to month to month. In the event of termination, a written notice must be served by the Lessee or the Lessor to the other at least thirty days prior to the end of the agreement. If the Lessee decides to continue, he will pay the monthly rental or decided otherwise and fulfil all other obligations in the agreement.

EXTENSION OF LEASE. At the end of the period period, as stated in the agreement, the lease will automatically covert to month to month. In the event of termination, a written notice must be served by the Lessee or the Lessor to the other at least thirty days prior to the end of the agreement. If the Lessee decides to continue, he will pay the monthly rental or decided otherwise and fulfil all other obligations in the agreement.