Question

帮忙翻译一段英语

Upon written notice from Party A to Party B 1 week prior to the expiration of the First Renewal Term, Party A shall have the right to renew this Lease ..... The Initial Term, First Renewal Term and Second Renewal Term shall be collectively referred to herein as the ‘Term’.”Commencing with the First Renewal Term。。。
这里的term应该理解为时间period还是合同的条款呢。

Answer 1

甲方书面通知乙方1周前，甲方有权在第一次续签期满前，有权续签本租约第一个任期、第一个更新期和第二次更新期限，统称为“任期”…