Tachles Israel is an independent information service, not a government authority. Check binding conditions, eligibility and deadlines with the official source.
Before you start
Exercising an option, negotiating extension and signing a new contract are different.
Who is this guide for?
Parties approaching renewal.
The model illustrates clauses; binding deadlines depend on your contract and law.
The checklist
Read extension rights
Contract and annexes.
Not every extension reference grants an enforceable option.
Record date and channel
Date schedule.
Do not copy another model's dates.
Agree terms
Renewal draft.
A positive discussion is not necessarily final agreement.
Document exercise or amendment
Notice and receipt.
Conflicting versions create uncertainty.
Check practical continuation
Signed agreement.
Continued payment does not settle all disputed terms.
Official sources
These links let you check with the responsible authority. The website's verification date does not guarantee that every detail has remained up to date since then.
Frequently asked questions
Do the model's option dates bind me?
Only as applicable through your agreement and law; read your own wording.
Reports help us check and update guides.