Wyoming Rental Agreement

Dear Name of Landlord: This letter is a formal request to renew the lease on the property at the above address for another year. The lease expires on DATE and I would like to renew it until DATE.

Ask your landlord in writing (as far in advance as possible) for a few extra days. Explain your difficulties and emphasize (if you can) that they are only temporary. Offer (if at all possible) to pay at least some of the rent on time.

By definition, a lease renewal is a new lease agreement, whereas a lease extension is a continuation of the original lease agreement. Generally speaking, the practical effect of either is that the parties to the lease continue the landlord-tenant relationship beyond the expiration of the original term of the lease.

Find a solicitor. The Leasehold Advisory Service lists solicitors specialising in the field. Value the lease. Professional valuation advice is crucial. Negotiate the price. Your solicitor may approach the freeholder informally first. Apply to a tribunal.

Instead of following the statutory path of extending the lease, you may be able to negotiate the terms informally with your landlord. This could not only help save time, but also money. However, you'll still need to engage a solicitor to draw up the contracts and you may want to take legal and valuation advice as well.

To make any changes to the structure of the leasehold property even knocking down an internal wall, never mind building an extension leaseholders need to get the permission of the freeholder.Likewise, freeholders control the costs you have to pay each year like building insurance and service charges.