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The document is a Lease Extension Addendum that outlines the agreement between the landlord and tenant to extend an existing lease for a specified period, with details on the new monthly rent while maintaining all other original lease terms.

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How do you write a lease renewal letter?

What to include in a lease renewal letter Date of the lease renewal letter. Name and information of tenant and landlord. Property address and unit number (if applicable). Reference expiration date of the existing lease. Rent amount of the new lease. Term of the new lease (such as renewing for another 12 months).

How to renew a lease agreement?

Guide to Offering a Lease Renewal Determine the Lease Renewal Period. Generally, the lease renewal notice period should be 90 days before the current lease expires to give a good amount of notice for both you and the renter. Send a Lease Renewal Letter. Draft a New Lease. Sign the New Lease.

How do I write a letter to extend my lease?

How to fill out the Lease Extension Sample Letter Template? Enter your personal information at the top of the letter. Specify the rental property address and current lease expiration date. Propose a new lease end date and the prorated rent amount. Explain your reason for requesting the extension.

Is a lease renewal letter binding?

A lease renewal letter has to be in writing to make a legally binding document. Unlike many agreements that are often acceptable as verbal, a lease renewal has to be in writing. If a lease renewal form is verbal rather than written, it wont be admissible in a court of law.

How to write a lease notice letter?

Dear (Landlords Name), I am writing to formally notify you of my intent to vacate the premises located at (Rental Property Address) on (Move-Out Date). This notice is being given in ance with the (30-day/60-day) notice requirement outlined in our lease agreement. My last day of residence will be (Move-Out Date).

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How do I let my landlord know I want to renew my lease?

While a phone call with a friendly landlord can be fine in many instances, its best to play it safe and notify your landlord by writing that you wish to renew your lease. Hayden says email is acceptable, but be sure to get a response of some kind showing the landlord read what you sent.

How do I write a letter to renew my lease?

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.

What to say to a landlord when renewing a lease?

Let them know how much you love living there, and mention how youve been a great tenant--always paying rent on time, taking good care of the place, and being a good neighbor. Show your interest in staying longer, maybe even for a couple more years, and assure them youre in it for the long haul.