Property Management
An Alabama commercial tenant who exercises a lease renewal option must typically:
APay the new rent immediately upon exercising the option
BProvide written notice within the timeframe specified in the lease✓ Correct
CObtain landlord approval for the renewal
DSign a new lease from scratch
Explanation
Lease renewal options require written notice from the tenant within the specified notice period (often 60-90 days before expiration) to be exercised.
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