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<!DOCTYPE dita
  PUBLIC "-//OASIS//DTD DITA Composite//EN" "ditabase.dtd">
<dita xmlns:ditaarch="http://dita.oasis-open.org/architecture/2005/"
      ditaarch:DITAArchVersion="1.2"
      domains="(topic task)                            (topic concept)                            (topic concept glossentry)                            (topic concept glossgroup)                            (topic reference)                            (topic troubleshooting++task) (topic task)                            (topic abbrev-d)                            a(props deliveryTarget)                            (topic equation-d)                            (topic hazard-d)                            (topic hi-d)                            (topic indexing-d)                            (topic markup-d)                            (topic mathml-d)                            (topic pr-d)                            (topic relmgmt-d)                            (topic sw-d)                            (topic svg-d)                            (topic ui-d)                            (topic ut-d)                            (topic markup-d xml-d)                            (topic task strictTaskbody-c)   ">
	  <concept id="GSAM_570_401"
            ditaarch:DITAArchVersion="1.2"
            class="- topic/topic concept/concept ">
		    <title class="- topic/title " xtrc="GSAR">
         <ph class="- topic/ph " props="autonumber">570.401</ph> Renewal options.</title>
		    <conbody id="i1886199" class="- topic/body  concept/conbody ">
			      <ol id="d986e13" class="- topic/ol ">
				        <li id="uzMRYX" audience="GSAR" class="- topic/li ">
					          <p id="d977e17" audience="GSAR" class="- topic/p ">
                  <ph props="autonumber" class="- topic/ph ">(a)</ph>
                  <i class="+ topic/ph hi-d/i ">Exercise of options</i>. Before
exercising an option to renew, follow the procedures in <xref href="517.207.dita"
                        outputclass="fm:ParaNumOnly"
                        class="- topic/xref "/>.
The contract must first provide the right to renew the lease. If
a renewal option was not evaluated as part of the lease at award,
then the addition of a renewal option during the lease term must
satisfy the requirements of GSAM <xref href="Part_506.dita#GSAM_Part_506"
                        outputclass="fm:ParaNumOnly"
                        class="- topic/xref ">506</xref> regarding
full and open competition.</p>
				        </li>
				        <li id="i1855080" audience="GSAR" class="- topic/li ">
					          <p id="d977e34" audience="GSAR" class="- topic/p ">
                  <ph props="autonumber" class="- topic/ph ">(b)</ph>
                  <i class="+ topic/ph hi-d/i ">Market
information review</i>. Before exercising an option to renew a lease,
review current market information to determine that the rental rate
in the option is fair and reasonable.</p>
				        </li>
			      </ol>
		    </conbody>
	  </concept>
</dita>
