Property Management
A NC commercial property manager who negotiates a renewal lease with a long-term tenant should document the negotiation by:
AOnly a verbal agreement confirmed by email
BA written lease amendment or new lease signed by both parties and retained in the property file✓ Correct
CA note in the property management software only
DA letter to the NCREC
Explanation
Commercial lease renewals should be documented in writing — either as a lease amendment or a new lease agreement — signed by both parties and properly filed for the property's records.
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