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Cameron from Emerson Property Management discusses the various methods for renewing leases. He highlights that landlords use different approaches, including verbal agreements, one-page addendums, or completely new leases. The choice of method depends on individual preferences and processes. Cameron also emphasizes the importance of considering rent increases during renewals. Some landlords may choose not to raise rent to minimize vacancy and retain good tenants, especially if the property was difficult to lease previously. He encourages property managers to evaluate their strategies and the balance between maintaining tenants and maximizing rent.
