Intention To Renew Lease Letter
Description
How to fill out Michigan Residential Or Rental Lease Extension Agreement?
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FAQ
In California, residential rental agreements automatically convert to month-to-month tenancies at the end of your lease term.
A Renewal Option is a clause that allows the tenant the right to either extend their lease at specific terms upon the expiration of the current lease term; or, the right to negotiate to extend their lease term.
A Letter of Intent to Renew the Lease is used when the renter would like to enter into a new lease agreement with the landlord. The renter and landlord could choose to have the same terms and conditions as the original lease or they could negotiate on and agree upon new terms and conditions for the renewed lease.
Put it in writing Your name, current address and contact information. Date the lease extension request is submitted. Length of the lease extension, including the proposed end date. Reasons for extension. Date by which you need a decision, usually 10 days to two weeks.
Lease Extension Request for [Rental Address] Currently, the lease is set to expire on [date]. I would like to amend that date to end on [new date]. I propose to pay you the prorated amount of [extension rent amount] for the additional days that I will occupy the property.
