Notice of Intent Not to Renew at End of Specified Term from Landlord to Tenant for Residential Property - Montana 2025

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A letter of intent (LOI), also known as a term sheet, sets the stage for a lease. Signed by both the owner and tenant, the LOI indicates that both parties intend to go through with a lease, and includes terms that are fundamentally important to the tenants operation, such as rent and ten- ant improvements.
Its also important to note that renters must notify the landlord of their plan not to renew by the required timeframe stated in the lease agreement. Failing to do so can result in expensive fees, landing in a month-to-month agreement with a higher monthly rent, or extending the lease for another term.
A real estate letter of intent (LOI) is the skeleton from which a lease is drafted by the landlords attorney. The letter of intent reduces to writing a preliminary understanding of parties who intend to enter into a contract, including contracts to purchase real property.
How to Write a Lease Renewal Letter Tenants name. Rental property address. Lease expiration date. Lease renewal date. New lease term (if switching to a month-to-month lease) Response deadline (usually 30 days before the lease end date) Contact information for lease renewal.
I am writing to inform you that I will not be renewing our lease agreement, which is due to expire on [Lease End Date]. This letter serves as my official notice to you, in ance with the terms stipulated in our lease agreement which requires a [Notice Period, typically 30 or 60 days] notice for non-renewal.
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A Letter of Intent to Renew Lease (or Letter to Request for Extension of Lease) is a document that is used by a person who is renting real property (the renter) to inform their landlord that they would like to renew or extend their lease whether it is for residential or commercial purpose.
Month-to-Month Tenancies A Montana landlord who wants to end a month-to-month tenancy, but does not have legal cause for eviction, can give the tenant a written 30-day notice.
Schedule a meeting or phone call with your landlord to discuss your rental situation. Begin the conversation by expressing how much youve enjoyed living in the property and that you would like to continue renting for another year if possible.

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