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This document is a lease renewal agreement between a tenant and a landlord, outlining the terms for extending the lease for a specified renewal term and agreeing upon the new rent.
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How to fill out renewal of lease

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How to fill out Renewal of Lease

01
Obtain the Renewal of Lease form from your landlord or property management.
02
Review the existing lease terms to ensure understanding of any changes.
03
Fill in your personal details, including your name and property address.
04
Indicate the renewal term (duration) you desire for the lease.
05
Review rental rates and make note of any changes outlined.
06
Sign and date the form to confirm your agreement to the renewal terms.
07
Submit the completed form to your landlord or property management for approval.

Who needs Renewal of Lease?

01
Tenants who wish to extend their stay in a rental property beyond the initial lease period.
02
Landlords who are making formal arrangements with tenants to continue their rental agreement.
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Tips for Writing Lease Renewal Emails Be Clear and Concise: Get straight to the point. Mention the lease renewal upfront and avoid unnecessary details. Include Key Dates: Always specify the current lease end date and the proposed renewal period. This helps avoid any confusion.
Lease renewals involve creating a new contract. This is unlike lease extensions, which involve maintaining the same contract but lengthening the term. In a renewal, both parties have the ability to choose to sign a new contract or end the lease with the original term.
Example: This lease renewal agreement, dated [Insert Date], is between [Landlord Name] and [Tenant Name], referring to the original lease agreement dated [Original Lease Date]. Both parties agree to renew the lease for a term of [New Lease Term] commencing on [New Start Date], with a monthly rent of [New Rent Amount].
Pros & Cons Of Lease Agreement Renewals Pro: Saving Time & Money. Pro: Lower Risk Of Bad Tenants. Pro: Stronger Relationship With Tenant. Con: Could Be A Bad Tenant. Con: Unable To Make Renovations. Con: Unable To Increase Rent. Send Lease Renewal Notice. Create Lease As Needed.
Lease renewals involve creating a new contract. This is unlike lease extensions, which involve maintaining the same contract but lengthening the term. In a renewal, both parties have the ability to choose to sign a new contract or end the lease with the original term.
The lease renewal agreement is a contract and must include signatures from both parties — the landlord and tenant — who agree to the terms of the lease renewal agreement. This contract is not valid unless both parties sign it. If multiple tenants or landlords exist, you can add additional copies of the sections below.
Difference Between Extension and Renewal An extension is a stretching or spreading out of the term of the lease. A renewal, on the other hand, creates a new and distinct tenancy and is not merely a perpetuation of the old tenancy.

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Renewal of Lease is the process of extending the term of an existing lease agreement between a landlord and tenant, allowing them to continue their rental arrangement under specified conditions.
Typically, the tenant is required to file the Renewal of Lease if they wish to continue living in the rental property for an additional term, but both parties may need to agree on the renewal conditions.
To fill out a Renewal of Lease, both parties should review the existing lease terms, complete the renewal form with updated dates and terms if necessary, and both sign the form to acknowledge the agreement.
The purpose of Renewal of Lease is to formalize the continuation of the rental agreement, clarify any changes in terms, and protect the rights of both landlord and tenant for the new lease period.
The Renewal of Lease must typically report the names of the landlord and tenant, property address, lease term dates, rental amount, terms of renewal, and any changes to the original lease agreement.
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