Specify the rental property address and current lease expiration date. Propose a new lease end date and the prorated rent amount. Explain your reason for requesting the extension. Sign and date the letter before sending it.
To request a lease extension, submit a formal letter containing all the pertinent details your landlord needs to make a decision. The letter should include: Your name, current address and contact information. Date the lease extension request is submitted.
Extension of Employee Contract Letter Begin with a formal and professional tone. Clearly state the purpose of the letter. Specify the new end date of the contract. Outline any changes to the terms of the contract. Include any performance expectations or goals.
An addendum to renew, or renewal addendum, is a legal document that extends the term or duration of an existing contract or agreement. It is used when the parties involved in the original agreement want to continue their relationship and wish to extend the predetermined time period.
With that in mind, here are the practical components of a lease renewal letter: Personalization. Lease expiration date. New lease terms. Description of the benefits included with the lease. Rent increase (if applicable) ... Date and contact information. Friendly introduction and framing. Key details about lease expiration.
A lease extension addendum is a legal document used to extend a lease, typically between a landlord and tenant. It can modify certain lease conditions like rent, security deposit, and utilities, but the rest of the original lease terms remain unchanged.
Lease Renewal Letter Sample: What to Say “Dear TENANT'S NAME, I wanted to inform you that you current lease for ADDRESS AND UNIT NUMBER is set to expire on LEASE TERMINATION DATE AND TIME. You've been an amazing tenant and with that in mind, would like to present to you the option to renew for another lease term.
Put any lease extension agreement in writing for both you and the landlord to sign. This protects both parties and avoids any misunderstandings. The key is to approach your landlord proactively, be polite and flexible, and demonstrate that you are a responsible, long-term tenant they would want to retain.
A lease extension may be executed between a landlord and a tenant. In this case, if both parties choose to continue the tenancy, the landlord may issue a lease extension when the original lease is set to expire. Lease extensions may also be granted to lessees by car dealerships.