As of that year it has not yet renewed its lease.
In many cases, the company will simply not renew leases.
It has an option to renew the lease for 10 more years.
The center's management did not renew his lease, forcing him to leave more than a year ago.
The tenant turned down the deal, only because he renewed his current lease.
With these factors in mind, he renewed the Yankees' lease for one more year.
He didn't particularly like the apartment, when it's just himself, so rather than renew the lease he's given it up.
The town has the option of renewing the lease for another 10-year term.
He has title to the land for 18 years, with an option to renew his lease at the end of that time.
I have been offered the opportunity to renew my lease by the apartment manager.