If the tenant wishes to extend their lease, the tenant must send this letter before the end of the rental period. Sometimes, the residential or commercial lease may specify the notice period that the tenant must give to the landlord in the event that they want an extension. In our letter to the landlord, we will give you an example of the wording for both cases in order to extend a model lease agreement. For example, the lease may provide that the tenant must make a letter of intent to extend it 2 weeks before the end of the lease. In this case, the tenant must respect the notice period provided for in his agreement. This letter constitutes written notice of my intention to leave my apartment on [date], at the end of my current lease. I do this because [explain the reason, if you wish, as a large rent increase]. It is important to create the lease extension template and send it in a timely manner so that your tenant has enough time to respond before the existing lease expires. Here are some tips for writing a commercial lease renewal letter for your tenants: You should carefully consider the above options and be realistic in your expectations before using the template below to create your letter. An official letter to the landlord to renew a lease may be a specific requirement in your lease. If you have a good history with the owner, you should ask for more favorable terms! If a tenant needs relief for a relatively short period of time, the landlord can agree to use the rent deposit instead of the rent.

There must be a clear understanding that the tenant is not entitled to a refund (or a reduced amount) at the end of the rental period. An addendum to the lease agreement must record this agreement. A deposit is there to protect the owner. If possible, it could be expected that the deposit will be “rebuilt” if the tenant`s financial situation improves. The main reason a landlord would issue a lease extension letter is to inform the tenant that the lease expires and that they want to propose a new lease. In the lease renewal letter, you can indicate if your tenant must follow the same conditions or if you give him others. My lease with you runs on __ I would like to extend the rental period until __ Therefore, the landlord expects the tenant to leave the property on the date specified in the existing agreement. In addition, the landlord has the opportunity to show the property to potential tenants. He must also take care of the procedures for the return of the tenant`s deposit.

If you live in an apartment building and your landlord plans to renovate your space, you can try to apply for an extension letter for the rental lease, but for another unit. Although you still have to move, you can stay in the same neighborhood. This is especially beneficial if you like the shared apartment you live in and have already settled in the area with your family. For landlords, it is considered good business practice to send a lease renewal letter 60 days before the lease expires. This gives the landlord sufficient notice to find another tenant if the current tenant decides not to renew the lease. I pledge to continue to pay for my utilities as soon as they become due. As with all letters to the owner, we recommend that you send them by registered mail and keep proof of shipment and copies of the letters. In some cases, a tenant may use this letter to request upgrades for repairs to the property. When a lease ends, the landlord can choose to increase the rent, require monthly payments, or renew the lease as is. When a lease ends, the landlord must decide whether or not to renew the contract.

If the tenant pays the rent on time, takes care of the property and was a good tenant, the landlord may decide to offer him a lease extension letter. Issuing this letter to a tenant even before the lease expires is a great way to show the tenant that you still want them to continue living in your property. Here`s everything you need to know about a lease renewal form. When your lease ends, you`ll need to decide whether you want to move, continue renting monthly (depending on your agreement and state law), or sign a new lease. While the landlord can choose to terminate your lease or increase your rent, state laws generally require 30 or 60 days` notice before the tenant has to leave the premises. In most states, tenants who stay in their rent beyond the end of a lease without signing a new lease are automatically transferred to a monthly lease. The landlord is not obliged to inform that a lease expires soon. If the landlord wants to keep the tenant in a new lease, they must inform the tenant in advance, otherwise the lease will automatically revert to a monthly lease. After completing this form, the tenant signs the letter and gives it to the landlord or their authorized representative. The landlord will then review this application and grant another lease term (with or without a rent increase) or refuse the extension.

If a tenant continues rent payments and the landlord accepts them even after the lease expires, the tenant becomes an “all-you-can-eat tenant.” Most of the time, the landlord would ask the tenant for notice before clearing the property. .