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How to Redact Lease Renewal

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In this episode of Bigger Pockets Daily, Tyler discusses the importance of lease renewals in real estate management, emphasizing their benefits for cash flow and overall landlord success. Renewing leases with good tenants can reduce stress and enhance profitability. However, he notes that it may not always be beneficial to renew with every tenant, as sometimes finding a new tenant could be a better choice. The episode introduces the "ultimate guide to lease renewals," which aims to facilitate a straightforward renewal process that is advantageous for both landlords and tenants. The guide serves as a resource to help navigate potential issues during lease renewals.

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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 landlord decide not to renew lease in New York?

The only way your landlord can deny you a renewal lease is through eviction in Housing Court. Following appropriate notice, a landlord may bring a summary nonpayment court proceeding to evict a tenant who fails to pay the agreed rent when due and to recover outstanding rent.

Can a tenant break a lease in Ontario?

In most cases, if you agreed to rent the unit for a specific period of time, you cannot move out before the period ends, unless: you and your landlord agree. you assign the tenancy (and the unit) to someone else. the LTB issues an order ending the tenancy agreement early.

Does a landlord have to give a reason for not renewing a lease in NY?

Landlords do not need to explain why the tenancy is being terminated, they only need to provide notice that it is, and that refusal to vacate will lead to eviction proceedings. Such notice does not automatically allow the landlord to evict the tenant.

How do I write a letter to extend my lease?

The letter should include: Your name, current address and contact information. Date the lease extension request is submitted. Length of the lease extension, including the proposed end date. Reasons for extension. Date by which you need a decision, usually 10 days to two weeks.

How much notice do you need to not renew a tenancy?

The notice period will depend on the tenancy or agreement, but is often at least 4 weeks.

Can landlord not renew tenancy?

Firstly there is no obligation on a Landlord to renew a Tenancy agreement. This is because the tenant has automatically gained security of tenure for at the end of the initial rental period, say 6 months, from then on the Tenancy becomes a periodic tenancy.

Does a landlord need a reason to not renew a lease in PA?

Generally (with a few notable exceptions, below), landlords and tenants do not have to give a reason for choosing not to renew a lease.

What happens if my landlord does not renew my lease NYC?

If your landlord does not renew your lease and you remain in the apartment, be prepared for your landlord to start an eviction case in housing court agasint you. The case will likely be a holdover case, meaning that your landlord is asking for the right to evict you even if youre willing to pay the rent.

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Redact Lease Renewal