Kaagazaat

Notice Exercising the Renewal Option

At a glance

Price: Free, always.
Stamp duty: A notice is not an agreement and needs no stamp paper in Punjab or Chandigarh.
Registration: This notice does not need registration.
Witnesses: Not required.

Free

Free, always.

Free: up to 5 documents a day.

Guided questions, full draft on screen, download in Word.

See all prices

Also called

Renewal Option Notice
Notice of Renewal of Lease
Notice to Renew Lease
Lease Renewal Notice by Tenant
Option to Renew Notice
Exercise of Renewal Option
Notice for Extension of Lease
Lease Extension Request Notice

When you need it

Many commercial leases give the tenant an option to renew for a further term if it asks in the right way and in time. The right is lost if the notice is late, goes to the wrong address, or does not say what the lease requires.

This notice is how a tenant exercises that option in writing: it identifies the lease, names the clause that gives the option, states the end date of the current term and the length and start of the new term, says what rent the renewal is on, confirms the tenant is up to date, and asks the landlord to confirm and to sign the renewal paper. Use it when your lease has a renewal option and the date by which the lease says notice must be given is near or has not yet passed. Check the lease for the exact notice period, the address for notices and the way notices must be delivered, and send this notice in that way. Not for: a lease that has no renewal option (in that case ask the landlord for a fresh lease or a lease renewal agreement), a notice to end the lease, or a notice from the landlord. The notice does not itself extend the lease if the lease requires a new signed document; it starts the process the lease describes.

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

Fill this one in

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

A notice is not an agreement and needs no stamp paper in Punjab or Chandigarh. The renewal itself is another matter: depending on how the lease is written, the renewal may need a stamped renewal deed, charged on the figures that apply to leases at that time. Check the current figure with the Sub-Registrar or a licensed stamp vendor; this notice does not state one.

Registration

This notice does not need registration. A renewal of a lease for the terms that the law treats as needing registration may itself need to be registered. Ask the Sub-Registrar or a lawyer once the renewal term and rent are settled.

Notarisation

Not required. Proof of delivery matters more than notarisation: use registered post with acknowledgement or a courier with proof of delivery, and keep the receipt.

Witnesses

Not required. Keep proof that the notice was sent and received.

Request Stamp Paper

Sample preview — placeholder answers, not your data

KAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASED

NOTICE EXERCISING THE OPTION TO RENEW THE LEASE

Date: 2 April 2026
Place: Chandigarh

By registered post with acknowledgement due and by hand

To (the "Landlord"):
Chadha Commercial Complex Private Limited, an individual, of SCO 11, Sector 8-C, Chandigarh 160009

From (the "Tenant"):
Chopra Footwear Private Limited, an individual, of SCO 11, Sector 8-C, Chandigarh 160009, acting through Ravneet Chadha, Director

Subject: Notice exercising the option to renew the Lease of the premises at Shop No. 3, Ground Floor, SCO 11, Sector 8-C, Chandigarh, Chandigarh

Dear Sir or Madam,

1. The Tenant occupies the premises known as Shop No. 3, Ground Floor, SCO 11, Sector 8-C, Chandigarh, situated at Chandigarh, in the State of Punjab (the "Premises"), under a Lease Deed dated 2 January 2026 between the Landlord and the Tenant for a term of 9 years commencing 1 February 2026 (the "Lease"). The current term of the Lease ends on 1 April 2026.

2. clause 14 of the Lease gives the Tenant the option to renew the Lease for a further term. By this notice the Tenant exercises that option.

3. The Tenant asks that the Lease be renewed for a further term of 3 years starting on 2 April 2026, at the rent fixed for the renewal by the Lease.

4. The Tenant has paid the rent and all other sums due under the Lease up to date and is not aware of any breach of the Lease by it.

5. Further statement: The CAM bill for March is under dispute and the Tenant has asked for its details.

6. The security deposit paid under the Lease continues to be held by the Landlord for the renewed term on the terms of the Lease, and the other terms of the Lease apply to the renewed term except those that, by their nature, apply only to the first term.

7. The stamp duty and registration cost of the renewal paper shall be borne as the Lease provides.

8. Please confirm in writing within 15 days of receiving this notice that the Lease is renewed as asked above, and let the Tenant know when the Landlord will sign the renewal paper. The Tenant is ready to sign it.

9. This notice is given within the time and in the manner the Lease requires. The Tenant reserves all its rights under the Lease. If the Landlord believes the notice is late or defective in any way, it should say so in writing at once, and not later, giving its reasons.

Yours faithfully,

FOR THE TENANT
Chopra Footwear Private Limited
Through: Ravneet Chadha, Director
Signature: ______________________________
Date: ______________________________

Questions about this document

Does the Notice Exercising the Renewal Option need stamp paper or stamp duty in Punjab and Chandigarh?

A notice is not an agreement and needs no stamp paper in Punjab or Chandigarh.

See the full position on stamp duty, registration and witnesses

Does the Notice Exercising the Renewal Option need registration in Punjab and Chandigarh?

This notice does not need registration.

See the full position on stamp duty, registration and witnesses

What does the Notice Exercising the Renewal Option cost on Kaagazaat?

Free, always.

Does the Notice Exercising the Renewal Option need witnesses?

Not required.

See the full position on stamp duty, registration and witnesses

Often needed with this document

Back to Commercial, retail and industrial leasing