what is rider of lease?

Question

What This Mean in The RIDER of Lease
Can Anyone Help Me
Thank You

provided the lease is and has at all times been in good stabding and TENANT is not and has never been in defa hereunder, LANDLORD hereby gives and grants to TENANT the right, privilege and option of extending this lease for the period of time as set for on the face page as the option period; the extended term shall commence from the date of the expiration of the prior term. In order to exercise the option herein granted, Tenant must give Landlord written notice of Tenant's intention to exercise the option to extend not less than 6 months prior to the expiration of the then expiring term. Failure to give any such notice shall conclusively make the remaining option(s), if to extent null and void.


What This Mean in The RIDER of Lease
Can Anyone Help Me
Thank You

Answer 1

It means that if you make your payments on time and don't violate any of the terms of the contract you can extend the length of the lease beyond the expiration date if you give notice of your interest in doing so no less than 6 months prior to the expiration of the lease.

If you dont tell them you want to extend the lease in time then you won't be able to extend the existing lease and upon it's expiration you will need to re-negotiate a new lease or move out.

Answer 2

A rider is just an extra set of conditions. Like, you say, "Billy, you have to wash the dishes to be allowed to go play." That's the contract. Then you say, "And they have to be clean and put away." That's the rider.

In your case, the rider says that if you want to renew your lease, you have to let the landlord know at least 6 months in advance.

If your lease runs from July 1st to June 30th, and you decide you want to stay for another year, you have to let the landlord know you're going to be staying by January 1st. You have to write him a note.