Easily Hide Value Choice in the Lease Renewal

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How to Hide Value Choice 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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What is the meaning of lease renewal?

Lease Renewal means a legal document that extends the period of time that the original lease is in effect. A lease renewal may include minor changes to the original lease such as a change to the rental amount.

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 difference between option to renew and extend?

A renewal is the re-creation of the legal relationship and the replacement of the old lease with a new lease. In an option to extend, the original term of the lease is extended without interruption.

Can a lease automatically renew in Florida?

Yes, a lease can automatically renew in Florida. As long as there is a provision in the lease that states the lease will renew, the tenant and landlord can continue normally after the original term of the lease expires. If there is no provision included in the lease, it is assumed to be terminated on expiration.

What is fair market value lease language?

The term Fair Market Rental Value shall mean the price that a ready and willing tenant would then pay as monthly rent to a ready and willing landlord of property comparable to the Leased Premises if such property were exposed for lease on the open market for a reasonable period of time and taking into account all of

How do you negotiate a lease renewal example?

I wanted to send a note as my lease is expiring in # months and Id love to get some clarity on the renewal. Ive enjoyed my time in this apartment and would love to stay another # years. Given my good standing as a tenant, could we renew at the same rate? Happy to sign a renewal now, if we come to an agreement.

What is the exculpatory clause in a lease provides for?

Exculpatory clauses are common in commercial leases. You might think of them as get out of jail free cards. Such a clause relieves one party to the lease, usually the landlord, from certain risks including the risk of injury to other parties.

Is a renewal a new lease?

What is a right of renewal? It is an option granted to the tenant to enter into a new lease with the landlord. It is not an extension of the existing term of the lease. A right to extend the term of the lease is distinct from a right of renewal.

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