Depending on the landlord`s preference, a simple tenancy extension can be sent to the tenant or the landlord may decide to rewrite an entirely new tenancy agreement to the tenant. If the lessor opts for the latter, a letter must be sent to the tenant indicating that, of course, the first article seeks two parties who participate in this extension. The landlord who has appointed the tenant can renew the current lease he shares, must be named directly after the “owner” label. Continue to identify the owner by entering the postal address to which the renter delatives communications and other official correspondence regarding the property in question and this agreement. As a lease expires, the lessor must decide whether or not to renew the contract. If the tenant pays the rent on time, takes care of the property and has been a good tenant, the landlord may decide to offer him a reissue letter. Showing this letter to a customer before the lease expires is a great way to show the customer that they want to stay in your property. Here you`ll find everything you need to know on a lease renewal form. Just like a lease letter, this option has its own rent change conditions and much more.
If the option depends on the tenant to apply for the extension, the lessor must give his approval under the terms of this option. But if there is no option, neither the landlord nor the tenant has an obligation to renew the lease. The main reason a landlord would issue a repeat letter is to inform the tenant that the lease is expiring and that they wish to propose a new lease. In the lease renewal letter, you can indicate whether your client must meet the same conditions or if you give him other conditions. The lessor mentioned in the first article must sign the “Lessor`s Signature” line to approve and conclude the renewal contract defined above. Once this task is completed, he or she should enter the next “date” line and then document the month, day and year he or she signed the paperwork. If the tenant wishes to accept the terms of renewal mentioned above and accept the terms of this document, he must sign the “Tenant`s Signature” line and provide the “date” of his signature to the lines indicated accordingly at the end of this document. In both cases, this means that the tenant has chosen to separate the tenancy agreement and not accept the renewal, as proposed in the letter of tenancy. It is important to write down the lease renewal model and send it in a timely manner so that your client has enough time to react before the existing rent expires.