This is a letter from a Landlord to a Tenant for the purpose of the Landlord submitting a letter to the Tenant for a variable amount of days, setting notice of the expiration of the lease and informing the Tenant of non-renewal of the lease, with Tenant vacating at the end of the expiration of the lease.
Letter To Landlord For Lease Extension
State:
Arkansas
Control #:
AR-1081LT
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Arkansas Letter From Landlord To Tenant With 30 Day Notice Of Expiration Of Lease And Nonrenewal By Landlord - Vacate By Expiration?
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FAQ
You usually only have the right to extend your lease by 50 years, rather than 90 years with flats. The freeholder could grant more than 50 years if they want, but it's up to them. The law is even trickier here than with flats, so seek advice from a solicitor with experience in the area.
The letter should include: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.28 Sept 2020
To begin the process of lease extension, you need to serve notice on your landlord. You'll be required to have certain information in the leaseholder's notice. In the notice, you'll need to outline the premium you intend to pay for the lease extension and any changes you propose for the lease agreement.
If you decide to try to negotiate a lease extension, there are no rules and your landlord could refuse to extend your lease, or set whatever terms they like.
Generally, you will be a qualifying tenant, if your lease was more than 21 years when was originally entered into and you have owned your flat for 2 years. However, even though you may be a qualifying tenant under the law, there may be other restriction that may prevent you from extending your lease.