Intention Not To Renew Lease
Description
How to fill out Michigan Residential Or Rental Lease Extension Agreement?
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FAQ
An option to renew confers on the tenant a right to continue to rent the property for a fresh term after the expiry of the current term, i.e. to renew the existing tenancy. With an option to renew, the tenant obtains another term of tenancy and the landlord is somewhat secured with rental income as agreed beforehand.
Sample Lease Non-Renewal Notice Dear (Landlord/Tenant), I'm writing to inform you that I will not be renewing our lease. As noted in my contract, the unit will be vacant as of (lease end date). This note should serve as my (length appropriate) notice of non-renewal.
A Florida Notice of Non-Renewal (residential tenancy) can be drafted by either the Landlord (Owner, Manager, Agent) or the Tenant. The Florida Notice of Non-Renewal gives the other party to the Lease notice that at the end of the Lease term, the party providing the notice will not be renewing for another year.
A 60-day notice is required for tenants who have lived in an apartment for more than one year, but less than two years, or have a lease of at least one year, but less than two years. Tenants who have lived in a unit for more than two years, or have a lease of at least two years, must get a 90-day notice.
Landlords are required to provide notice to tenants if they intend to raise rent more than five percent or if they do not intend to renew the lease. The landlord must provide such notice at least: 30 days in advance of renewal if a tenant has lived in the apartment less than one year and has less than a 12-month lease.
