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Dear name of resident, It's almost time to renew your lease. I appreciate you as a tenant and want to continue having you as a resident. Thank you so much for paying your rent on time every month and taking such great care of the property.
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.
Do I have to sign a new lease? A: No, you do not. In Ontario, a residential tenancy is automatically renewed unless the tenant or the landlord gives the other a notice of termination, or they agree to terminate the tenancy after signing it.
In Ontario, when a residential lease expires, and there is no new lease, the tenancy automatically becomes a month-to-month tenancy. The main advantage for tenants with a month-to-month tenancy is that they have much more flexibility if they decide to move.
Do I have to sign a new lease? A: No, you do not. In Ontario, a residential tenancy is automatically renewed unless the tenant or the landlord gives the other a notice of termination, or they agree to terminate the tenancy after signing it.