{"data":{"id":"us/25-cfr-162.412","jurisdiction":"us","citation":"25 CFR 162.412","heading":"What must the lease include if it contains an option to renew?","body":"(a) If the lease provides for an option to renew, the lease must specify:\n(1) The time and manner in which the option must be exercised or is automatically effective;\n(2) That confirmation of the renewal will be submitted to us, unless the lease provides for automatic renewal;\n(3) Whether Indian landowner consent to the renewal is required;\n(4) That the lessee must provide notice of the renewal to the Indian landowners and any sureties and mortgagees;\n(5) The additional consideration, if any, that will be due upon the exercise of the option to renew or the start of the renewal term; and\n(6) Any other conditions for renewal (e.g., that the lessee not be in violation of the lease at the time of renewal).\n(b) We will record any renewal of a lease in the LTRO.","path":["Title 25—Indians","CHAPTER I—BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR","SUBCHAPTER H—LAND AND WATER","PART 162—LEASES AND PERMITS","Subpart D—Business Leases"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-25.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:59Z","sha256":"b3ff2407df25a2e65886917f76010ca29e4f8623e071411372579521445108ba","source_id":"us-cfr","stale":true,"prev":"us/25-cfr-162.411","next":"us/25-cfr-162.413"},"notice":"GroundRules: Original legal text. Not legal advice."}