Option To Renew Tenancy Agreement Template for Indonesia

1. Rental Review Mechanism: Detailed process for determining new rental rates during the renewal period, used when the renewal rent is not pre-fixed

2. Property Improvements: Terms regarding any renovations or improvements to be made before or during the renewal period, included when specific works are planned

3. Multiple Renewal Options: Additional terms for multiple successive renewal rights, included when more than one renewal period is being granted

4. Break Clause: Terms allowing early termination during the renewal period, included when flexibility is required

5. Security Deposit Adjustment: Terms for adjusting the security deposit for the renewal period, included when changes to the deposit are anticipated

6. Special Conditions: Any unique terms specific to the property or parties' agreement, included when standard terms need modification

1. Schedule 1 - Original Lease: Copy or key terms of the original lease agreement being renewed

2. Schedule 2 - Property Details: Detailed description of the property including address, boundaries, and included fixtures/fittings

3. Schedule 3 - Rental Schedule: Detailed breakdown of rent and payment terms for the renewal period

4. Schedule 4 - Condition Report: Current condition of the property at the time of entering into the option agreement

5. Schedule 5 - Exercise Notice Template: Standard form for exercising the renewal option

6. Appendix A - Required Certificates: Copies of necessary property certificates and permits under Indonesian law