renewal option |
|
Definition
Provision in a lease agreement allowing it to be renegotiated at the end of the lease term, at the same or different terms.
email to a friend
print this definition
cite this definition
link to this page
renewal option is in the Purchasing & Procurement and Real Estate & Buildings subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/renewal-option.html