Easily Hide Alternative Choice to the Lease Renewal

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How to Hide Alternative Choice to the Lease Renewal

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Victoria just sent me a question apparently she doesnt want to renew her tenants lease uh but shes afraid if she gives the tenant notice that the tenant is going to stop paying rent so uh shes asking if she should give the tenant a month or two notice uh or uh if I think she should just not give the tenant any notice um I mean thats a really tough question because you really cant give the tenant no notice that just would be really horribly unfair can you mention somebody telling you at the last moment that hey by the way tomorrow you uh have no place to live um and I mean that would just be a really horrible thing to do I mean I understand a tenant not paying your rent would be a really horrible thing to do too uh but you know two wrongs dont make a right and um not getting rent would be devastating and really damaging but not having a place to live tomorrow would even be more so and then legally youre on a really bad footing so your lease should detail how much notice each par

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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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Can you negotiate a lease extension?

Lease extension negotiations can be complicated, however in reality they are like any negotiation; one party wants more for less and the other less for more. The difference with negotiating a lease extension premium is that there is a set formula to work out what you should pay to extend your lease.

What is the difference between a renewal and an extension?

Extension normally refers to a lengthening of time for an existing contract. Renewal normally contemplates an entirely new contract. This can be a distinction without a difference in some situations, but in complicated contracts it can have legal consequences.

What is the letter for not renewing the tenancy contract?

Dear (Tenant name), The purpose of this letter is to inform you that your lease for the property with an expiration date of (insert date) will not be renewed. You are required to vacate the premises no later than midnight on this date.

What is the option to renew clause in a contract?

An option to renew works by granting a party with the right (but not an obligation) to renew the agreement at the end of the initial term. The agreement will expire at the end of the further term(s).

What is the difference between old lease and new lease?

Lawyers call leases old or new, as referred to in the 1995 Act. Leases dated before 1 January 1996 (or granted pursuant to Agreements for Lease entered into before that date) are referred to as old leases, and leases dated on or after that date are new leases.

What is the meaning of renew lease?

But renewal of lease means creation of a new lease which creates a fresh right and obligation between the contracting parties. Thus, once a renewed lease comes within the scope of Section 107 of the Transfer of Property Act, such a lease can be made only by registered instrument 32

Can you reject an option to renew?

It is common for leases to say that if at the time the tenants notice of exercise of option is served the tenant is in bdocHub of the lease, the landlord may refuse the further term.

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.

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