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When can a lease be renewed via a Change Order?

A Renewal Lease Agreement form will not be required if both the following conditions exist:

  • There are any options remaining to renew the existing lease for another year; and,
  • All terms and conditions remain the same unless a change has occurred via a legal alteration to the lease which had been authorized by REALS.

Proper documentation of payment of ad valorem taxes and a Certificate of Liability Insurance are still required with a renewal via Change Order.