Sample Lease Expiration and Renewal Letter - Standard-Work For Equity,
Table of Contents
Writing the lease renewal letter
When you prepare a lease agreement it is generally for just a few years. After that the deal is either terminated or renewed. And it is duty of the landlord to notify the tenant about this. So, if you are a landlord and want to renew the lease that is about to expire, you should send a renewal letter to your tenants. It should be sent at least 30 to 60 days before the date of expiry. In some lease agreements it is mentioned that how many days should be given to the tenant to renew the deal. So, you should keep that in mind.
When you are about to write this letter, there are a few things you should address in it. You would obviously inform the tenant that on this date the lease will expire. So, if he wants to renew it he should do so before that date. Now in most cases the renewal is done with a few or more changes in the original agreement. As a landlord you would want to increase the rent as per the present market trend. You will have to inform this in the letter and you should also mention how much the new rent value will be. Besides that there might be some issues you want to discuss with the tenant before the renewal. You should mention that too in the letter.
If you want you can download a sample lease renewal letter from the internet and modify it as per your requirements.
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