Who needs an RTP-8 Form?
A Renewal Lease, labeled RTP-8 form is used by a residential property owner (a Landlord) who rents it out to a Tenant. If the real estate agent is involved in the deal, then they should be responsible for filling out the form as desired by the Landlord.
What is the Renewal Lease Form for?
The name of the form speaks for itself, as RTP-8, it serves as a reminder about the lease expiration date and at the same time as a notice to renew lease contract about the property which is already being rented by a Tenant.
Is the Renewal Lease Form accompanied by other forms?
There is no strict requirement to attach any of the supporting forms or statements, unless one of the parties considers it appropriate to attach the initial lease agreement.
When is RTP-8 Form due?
The Landlord is obliged to send the two copies of the Renewal lease form to the Tenant, not more than 150 and not less than 90 days before the lease contract end date. The Tenant, if accepting the offer, should return the signed renewal lease form within 60 days after they received it. After that, the Landlord must sign and date both copies and return one to the Tenant within 30 days.
How do I fill out RTP-8 Form?
RTP-8 is filled out by the Landlord’s Agent or the Landlord themselves. The Renewal Lease must contain:
- Tenant’s name and address
- Landlord’s (Agent’s) name and address
- Lease expiration date
- Offer to Tenant to renew
- Security deposit
- Separate charges
- Renewal lease date
- SCRIE and DRIE
- Tenant’s response to Owner
Where do I send RTP-8 Renewal Lease Form?
The Renewal Lease filing is initiated by the Landlord, who should deliver two copies of the form to the Tenant for signing. Further, the Tenant has to direct the document for the Landlord’s signature. When both copies are signed by the parties, one should be retained by the Landlord and their respective Agent, and the other is kept by the Tenant until the lease end date.