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Cameron from Emerson Property Management discusses lease renewals, highlighting the various methods landlords use to handle them. Some opt for verbal agreements, while others use one-page addendums or entire new leases. The approach varies based on individual processes and preferences. He emphasizes the importance of considering whether to increase rent during renewals. Many landlords may choose not to raise rent to retain tenants and minimize vacancies, especially if past leasing has been challenging. The aim is to balance tenant retention with financial goals.
