This tenancy agreement is a document used for a landlord and tenant to extend the term of a tenancy agreement that will expire for an additional term. The renewal agreement allows the lessor and tenant to continue the lease while giving them the opportunity to make all necessary changes to their original lease, such as new residents. B, payment rules or terms. When a tenancy agreement expires, if the landlord allows the tenant to stay, the lease is converted into a monthly contract. However, the use of a lease renewal agreement allows the parties to establish another long-term agreement with the same terms or modifications as the original lease. This document can be used to renew any type of leasing, including commercial, residential or short-term leases. To the extent that this agreement contains the terms of the original lease instead of repeating all the terms of the original lease, this lease agreement is mentioned in this document and is attached to the lease agreement as a recessed object to be returned if necessary. Contact the other party and ask if they intend to renew the lease under current or new conditions. This can be done by phone or email.
Some property managers will send a letter in the mail asking the tenant if they would like to stay on the ground for a long period of time, with contact information if they wish. Renewal of the lease Name of the original date of the lease was the actual extension not. effective on the first day of this contract, this lease is renewed for a period of no more than one year. during the duration of this extension… We intend to renew your lease with [Original Lease Date] which expires on [the end date of the rent]. You turned out to be a model tenant and you would offer to renew your rental agreement for an additional value [Enter Term] at the monthly rental price of [Enter Rent ($) amount]. This document may renew the terms of the original lease, or it can be used to modify some of these conditions if necessary. Article VI.
Other conditions “have been provided in the event that one or both parties to the renewal must assume responsibilities other than those imposed in the original lease. An example of such a change can be observed when the tenant has received a licensed pet, deposited a pet bond and agrees to pay pet rent during the extension period. If such changes in responsibilities are to take place during the renewal period, check the box with the inscription “To change the lease again… Then use the empty lines to indicate exactly what new rules apply. If you need more space, either add more lines to record a full report, or place these changes in an appendix and quote them by title in those lines.
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