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How to faint period 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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How much notice do you need to not renew a lease in Colorado?

Ending or Renewing a Tenancy Landlord must give notice to terminate the tenancy: For one year or longer: 90 days. For six months to less than one year: 28 days. For one month to less than six months: seven days. Colorado Tenant Rights Laws - FindLaw findlaw.com state colorado-law colora findlaw.com state colorado-law colora

What is the lease extension period?

A lease extension refers to a legal agreement that extends the term of an existing lease or rental agreement. Extensions are not a requirement in a business relationship but are often granted just before an original agreement is set to expire. Lease Extension: What it Means, How it Works, Examples - Investopedia investopedia.com terms lease-extension investopedia.com terms lease-extension

Can you negotiate the length of a lease?

The length of the lease While most landlords expect tenants to sign a 12-month lease, they may be open to a shorter lease term at a higher rate. Security deposit A tenant may be able to negotiate the amount of the security deposit, within reason.

How do you negotiate a later move in date?

You should ask open-ended questions and show empathy and respect for their situation. For example, you can ask them why they want to move in earlier or later, what are their main concerns, and how flexible they are. You should also share your own perspective and explain the benefits and drawbacks of different options.

How much notice do I need to not renew my lease in NY?

A 60-day notice is required for tenants who have lived in an apartment for more than one year, but less than two years, or have a lease of at least one year, but less than two years. Tenants who have lived in a unit for more than two years, or have a lease of at least two years, must get a 90-day notice. Leases (Renewal Vacancy) FAQ - Rent Guidelines Board Rent Guidelines Board faqs lea Rent Guidelines Board faqs lea

Can I ask for a longer lease?

Asking for a longer lease term can be an effective way to negotiate the rent down. It gives landlords more assurance that they dont need to find another tenant for the fixed-term lease.

How long is the lease renewal period?

To be able to extend your lease, you must have owned your flat for at least two years. You then have the right to purchase a new lease for a term of 90 years on top of the number of years left on your existing lease.

How long do you have to respond to lease renewal NYC?

60 days The owner must give written notice of renewal by mail or personal delivery not more than 150 days and not less than 90 days before the existing lease expires. A failure of the tenant to respond within 60 days of the offering may lead to eviction proceedings. Leases (Security Deposits, Roommates, Sublets, and More) ny.gov leases ny.gov leases

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