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Option-to-Renew

Option to Renew Clauses Don't Count Negotiation as Notice

A gym that had rented the same UBC storefront for 21 years lost its option to renew because it spent six months emailing about a lower rent instead of exercising the option in writing. The BC Supreme Court denied an emergency injunction the day before the lease expired. Rent and staff already eat roughly 70% of a gym's operating budget, which is exactly why a tenant under cost pressure reaches for the phone instead of the notice clause.