Date: _______________________

To: _________________________

_________________________

_________________________

Re: Lease Renewal

This is to notify you that we are exercising the option to renew our lease of ________________________ (Description of Leased Property) for a further term of _________ years, contained in section ________________ of the lease.

Please advise us of the rent you propose to charge in the renewed term so that we can decide whether or not to accept the renewal or to submit the matter to arbitration in accordance with the provisions of section _____________________ of the lease.

Signature _______________________

Company ______________________