name / content / group

content: 9835

name: Option

OPTION. Lessee shall have an option to extend this lease for two (2) additional five year (5) terms under the same terms and conditions as this lease, with the base rent to be adjusted by the increase in the Consumer Price Index as compared with the immediately preceding year. There will be a five per cent (5%) cap on each C.P.I. annual increase. Lessee shall give Lessor ninety (90) days' written notice upon the exercise of each of these options.