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A party exercising a renewal option (or preventing an automatic renewal from occurring) must not only meet the deadline, but must also be sure to provide proper notice as required under the lease. For example, leases tend to require that notice be properly addressed through specific means, such as personal delivery, overnight courier, etc. Obviously this deadline has not been met. Courts strictly construe these provisions (commercial tenants are considered to have a higher standard than residential tenants as these contracts normally are an arms length agreement that has been reviewed by all parties that are experienced with business transactions) where the contract language is clear and unambiguous. If the contract language is not followed and notice is not given within the required time to terminate, the contract extends for another term automatically.
There is no way to say if you have a way out without reading the lease. Generally, though, you are stuck. If you need to break the lease, work with the landlord to find a new tenant. The landlord must take reasonable steps to re-rent the premises if you breach the lease, and can only hold you responsible for rent for as long as it takes to find a qualified replacement tenant. Further the qualifications must not be different from yours, and the steps taken to find a new tenant must be commercially reasonable, though you are responsible for the cost of it. In that situation, it is best for all concerned for you to work closely with the landlord to find a new suitable tenant.
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