Decision of the rental period at the beginning of 2023

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Question: The rental period begins on January 1, 2023 and ends on December 31, 2034, unless Álma hf. takes advantage of the authorization to extend the lease term by two years from the end of 2034. Álma hf. is, however, allowed to terminate the lease agreement with a minimum of three months' notice in the year 2030. The new company that sees the notice of termination must move its operations from the building and return it for lease sale at the end of 2030. The new company that sees this notice of termination must, in addition to paying rent until 2030, pay an additional payment equal to 3 months' rent. Give reasons for the decision of the rental period at the beginning of 2023.

Reference no: EM133654909

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