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Q I signed a lease with a tenant for office building space more than 20 years ago. The lease was to expire in 2011, but included an option for the tenant to renew for a five-year period. During the original term, the lease was assigned to a string of subsequent tenants. Under the lease, the current tenant could exercise the option to renew its term for an additional five years—if it notified me of its intention to exercise the option and stay in the space in writing within six months of the lease expiration.
