Contracts
A Missouri commercial lease 'with option to renew' gives the tenant the right to:
AExtend the lease indefinitely
BExtend the lease for specified additional terms at specified conditions if proper notice is given✓ Correct
CPurchase the property automatically
DReduce the rent at renewal
Explanation
A renewal option gives the tenant the right to extend the lease for one or more additional terms at pre-agreed conditions, provided the tenant exercises the option within the specified notice period.
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