Asked by Boris Schlegel
We are the tenant.
Our lease agreement has an option to renew with following text:
Section 4.3.e:
"That the Landlord shall on written request of the Tenant made not less than Two (2) calendar months before the expiration of this Agreement hereby created and if there shall not at the time of such request be any existing breach or non-observance of this Agreement and stipulations on the part of the Agreement grant to the Tenant a renewal of this Agreement for a further term of One (1) calendar year from the expiration of this Agreement hereby created at the agreed rent, terms and conditions between the landlord and the Tenant."
We understood the part '...created at the agreed rent,....' as the rent that is already in the contract. no new rent would need to be agreed upon.
Landlord now wants to increase rent with this agreement. where we say: Then the renewal agreement should have said 'to be agreed'.
Are we correct?
Our lease agreement has an option to renew with following text:
Section 4.3.e:
"That the Landlord shall on written request of the Tenant made not less than Two (2) calendar months before the expiration of this Agreement hereby created and if there shall not at the time of such request be any existing breach or non-observance of this Agreement and stipulations on the part of the Agreement grant to the Tenant a renewal of this Agreement for a further term of One (1) calendar year from the expiration of this Agreement hereby created at the agreed rent, terms and conditions between the landlord and the Tenant."
We understood the part '...created at the agreed rent,....' as the rent that is already in the contract. no new rent would need to be agreed upon.
Landlord now wants to increase rent with this agreement. where we say: Then the renewal agreement should have said 'to be agreed'.
Are we correct?
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