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How to Redact Lease Renewal

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this is bigger pockets daily the no excuses everyday audio version of the worlds number one real estate blog im tyler and each day i read you short digestible articles from biggerpockets.com you can scroll through the catalog and see which titles catch your eye or just make this a part of your daily ritual [Music] the ultimate guide to lease renewals by remin okarua renewing leases with great tenants takes much of the stress out of being a landlord lease renewals are excellent for cash flow to keep your landlord business profitable however its not always worth renewing a lease with a tenant in some cases taking the time to find a new tenant for your property is a better option generally lease renewals are essential for the success of your property management business it is a straightforward process that can benefit both you and your tenant to ensure there are no issues along the way we have created the ultimate guide to lease renewals for you why are lease renewals essential lets

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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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