Change light in the Lease Renewal

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How to Change light in the Lease Renewal

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hey guys cameron here with emerson property management every week i bring you tools tactics strategies lessons ive learned things have helped me build up a size one portfolio about two years and now manage that portfolio today guys i want to talk about renewals um i dont know how youre renewing your leases um people do it all sorts of different ways sometimes theyll do um a verbal and just say hey okay youre gonna stay cool we have an existing lease in place some folks do a one-page you know renewal kind of addendum to the lease some people sign a whole new lease so it just totally depends on what what your process is and what you want to do but on renewing that are you guys getting any extra rent are you guys just happy to have them stay so you dont want to get any extra rent youre like oh i dont want to i dont want to disturb the 10 im not going to raise the rent i want them to stay so i reduced my vacancy you know this property was kind of hard to lease last time so im ju

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Whose responsibility is it to replace light bulbs?

Generally, the property manager/owner may be responsible for maintaining specialised bulbs and the tenant may be responsible for the replacement of everyday bulbs. If changing a bulb requires specialist knowledge or equipment, it may be part of the property manager/owners responsibility to maintain the property.

What is the difference between renewal and extension?

The main difference, however, is that a contract extension extends the term of the contract based on the existing contract, while a contract renewal replaces the existing contract with a new one. A contract renewal is essentially a contract extension without a change in the terms of the contract.

Does maintenance cover light bulbs?

The responsibility of light bulbs should be spelled out in the lease. If it is not the typical approach is that the renter is responsible for replacing light bulbs inside of the apartment and the landlord is responsible for light bulbs in common areas.

Is a lease renewal a new lease?

A lease renewal is when the tenant and landlord agree to another lease term, which may require creating a new lease with updated clauses and a higher rent price in most cases. A lease extension is when tenants need the term extended for a certain period with a lease amendment.

Who is responsible for the light bulb?

On January 27, 1880, Thomas Edison received the historic patent embodying the principles of his incandescent lamp that paved the way for the universal domestic use of electric light.

What a landlord Cannot do in Pennsylvania?

Right to Quiet Enjoyment A landlord cant drop by to check in on a tenant or act as if the home is their home, too. If a landlord does need to enter the property to make repairs or for another legitimate reason, they have to provide the tenant with reasonable notice.

Are landlords responsible for light bulbs in Texas?

As per the Texas Realtor Lease the tenant is responsible for replacing light bulbs if they burn out.

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