Lease Extension Letter

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What is lease extension letter?

A lease extension letter is a document that is used to request an extension of an existing lease agreement. This letter is typically written by the tenant and addressed to the landlord or property management company. It outlines the reasons for the extension request and provides any necessary supporting documentation. The lease extension letter is an important tool for tenants who wish to extend their lease beyond its original term.

What are the types of lease extension letter?

There are two main types of lease extension letters: formal and informal. The formal lease extension letter is a legal document that follows a specific format and is typically used for official purposes. It includes all the necessary details such as the names of the parties involved, the property address, the original lease terms, and the requested extension period. On the other hand, the informal lease extension letter is a more casual and personalized version that may be used for less formal or personal lease agreements. It still includes the essential information but is less rigid in its structure and tone.

Formal lease extension letter
Informal lease extension letter

How to complete lease extension letter

Completing a lease extension letter can be a straightforward process if you follow these steps:

01
Gather all the necessary information such as your name, landlord's name, property address, and original lease terms
02
Clearly state your intention to extend the lease and provide the reasons for your request
03
Include any supporting documentation, such as proof of income or employment, if required
04
Specify the desired extension period and propose any changes to the lease terms if applicable
05
Express gratitude and appreciation for the landlord's consideration
06
Sign and date the letter
07
Keep a copy of the letter for your records
08
Send the letter to the landlord or property management company via certified mail or other reliable delivery method

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Video Tutorial How to Fill Out lease extension letter

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Questions & answers

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.
For example, if you pay monthly rent, you are required to give a 30-day written notice. You don't need to give a reason for your decision to not renew. Similarly, the landlord must give you a 30-day written notice if you've lived there less than one year, or a 60-day notice if you've lived there more than one year.
The fact that the terms of the lease has come to an end does not mean that you have to leave the property. Unless you or your landlord takes specific steps to end the agreement under the lease, it will simply continue on exactly the same terms. You do not need do anything unless you receive a notice from your landlord.
If your landlord wants to end your periodic tenancy, they usually have to give you 90 days' notice. In some cases, your landlord only has to give you 42 days' notice.
As the end of that term approaches, decide whether you'd like to stay. You have the right to not renew your lease and no legal reason compels you to renew. At the same time, the landlord is deciding whether to renew your lease agreement. She is under no obligation to renew it, even if you are a fine tenant.
Use this step-by-step guide to help you draft the letter to your landlord negotiating a lower rent. State your intent. Emphasize your value. Use research to back your request. Consider including your personal situation. Provide next steps.