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Extension normally refers to a lengthening of time for an existing contract. Renewal normally contemplates an entirely new contract. This can be a distinction without a difference in some situations, but in complicated contracts it can have legal consequences.
In California, residential rental agreements automatically convert to month-to-month tenancies at the end of your lease term. At the end of each month thereafter, the agreement renews automatically for themselves in perpetuity, as long as you the tenant remains in possession of your home.
A landlord can use a 30 day-notice to end a month-to-month tenancy if the tenant has been renting for less than a year. A landlord should use a 60-day notice if the tenant has been renting for more than one year and the landlord wants the tenant to move out. (CCP Section 1946.1.)
If you decide to try to negotiate a lease extension, there are no rules and your landlord could refuse to extend your lease, or set whatever terms they like. For example, they may want to increase the ground rent as one of the terms.
Generally speaking, however, renewing a contract means continuing the business relationship with a new agreement that replaces the prior agreement. A contract extension, by contrast, typically refers to an add-on agreement that extends the terms of the existing contract for a finite, additional period.

People also ask

In general is best to extend the lease before it docHubes 80 years or below because some lenders require a certain number of years before they are prepared to lend. When a lease drops below 80 years the premium to extend the lease increases because marriage value becomes payable.
In California, landlords must have a just cause for terminating a lease and it can only happen in certain situations, such as a landlord who wants to stop leasing a unit for renovations. In rent-controlled units in San Francisco, tenants are usually entitled to renew their leases.
When its time to renew, its basically a brand new lease, and it doesnt matter whether you are a new tenant or an old one. The landlord can charge whatever they want. However, because you have a deposit from the old lease, you either get that back or a credit to your new deposit.
A landlord can use a 30 day-notice to end a month-to-month tenancy if the tenant has been renting for less than a year. A landlord should use a 60-day notice if the tenant has been renting for more than one year and the landlord wants the tenant to move out. (CCP Section 1946.1.)
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.

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