Slide type in the Lease Renewal

Aug 6th, 2022
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How to slide type in the Lease Renewal

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hi this is david with touchpoint property management and in this video id like to review with you the resident lease renewal procedures so 70 days prior to your lease end date a member of our team will docHub out to you by email with your lease renewal options 60 days prior to your lease end date you must let us our team know in writing if you plan on renewing your lease or terminating and moving out of the property if you do accept the lease renewal offer then a new lease will be emailed to you for signing online please make sure that you read the new lease agreement thoroughly as changes are made to the leases year after year and we want to make sure that you are fully aware of everything before signing so theres no surprises once the lease agreement is signed youll you will be held accountable for all the terms and conditions on that lease you will also be required to submit an updated copy of your renters insurance policy you also have an option to default to our renters insuran

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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.
The main difference, however, is that when a contract is extended, the contract period is extended on the basis of the existing contract, while when a contract is renewed, the existing contract is replaced by a new one. A contract extension is essentially a contract renewal without changing the terms of the contract.
In Ontario, when a residential lease expires, and there is no new lease, the tenancy automatically becomes a month-to-month tenancy. The main advantage for tenants with a month-to-month tenancy is that they have much more flexibility if they decide to move.
Ending a fixed term For example, if the fixed term is from January 1 to December 31, the tenancy automatically ends on December 31. Unless the tenant and landlord make other arrangements, the tenant has to move out by noon on December 31. The landlord or tenant does not need to give notice to end a fixed term tenancy.
Greetings [RECIPIENTS NAME], As per our previous discussions regarding the lease renewal, I am writing this as a gentle reminder. We are docHubing out to remind you about the pending decision on your lease renewal for the property mentioned in our agreement.
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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