Option of Government to Renew Leases

B-106578: Aug 29, 1952

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The renewal option clause is to give some protection to the Agency in holding the property under lease. Under the circumstances and regarding the instrument as a whole, it does not appear that the option clause of paragraph 7 obligated the lessor to furnish additional services during the period July 1, to 1952 to June 30, 1957, at the rental stipulated in the option.