Definitions of renewal
the act of replacing or repairing something, or making it somehow better
Their views on programmes for urban renewal tend to follow similar lines to their views on welfare, with large-scale intervention not seen as a public responsibility.
the action of granting (=allowing) something again so that it continues for a longer period of time
Either party may give to the other party written notice of termination at least thirty (30) days prior to the end of the initial or any renewal term.