Pursuant to a written lease, defendant rented a booth in plaintiff's leased premises for the period from May 1, 2002 to April 30, 2003 at a monthly rate of $6,500. As pertinent to this appeal, the lease contains a right to extend the lease for two additional years at a rental increase of 5% each year upon timely written notice to plaintiff (¶ 40 of the rider to lease), a no waiver clause which, inter alia, provides that "[t]he receipt by Owner of rent and/or additional...
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