Definition of "Renewal option"

Hamdiya Galster real estate agent
Hamdiya Galster, Real Estate Agent Samson Properties

The right of a person or business to renew a contract. For example, the tenant may have the right to renew a lease for a specified amount and term.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Real Estate Terms

Popular Real Estate Questions