A lease agreement may contain specific provisions authorizing renewal or extension, or a subsequent agreement or modification may grant the extension or renewal. A lease agreement may also grant an option to either a lessee or a lessor to renew or extend the term of the lease agreement.
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In Arizona, the landlord cannot terminate a lease, refuse to renew a lease, or raise the rent on a tenant who has: Exercised a legal right.
Ordinarily a lessor is not in a position to challenge or unreasonably deny an extension of lease which is validly sought by a lessee - the lessor is treated as having agreed to lease the property for the total duration contemplated under the original Lease Deed.
In most situations, a landlord is not required to extend or renew a lease. They can change any of the terms and conditions, including the rent price. They can also end ask you to leave the property when your lease is over and they don't need a reason.
Since Arizona's laws require at least 90 days' written notice to end a lease, you should ask your tenant if they would like to renew their lease at least three months before the current one ends.
Your tenancy becomes a periodic tenancy automatically if you stay past the end of the fixed term without a renewal agreement. A joint tenancy becomes periodic if any of the tenants stay on, unless there's a new agreement in place. A periodic tenancy continues on the same terms and you should pay your rent as normal.
1) Create a new tenancy agreement and add the new terms and conditions in there (this will create a new fixed term tenancy). 2) If the only change is a rent increase, you can serve a rent increase notice and the new tenancy can roll into a periodic tenancy.
The best time to end a contract is generally in the June to September peak period for lettings, but this will vary between type and location of property so research is essential. For example, if the fixed term of the tenancy expires in December you should aim to negotiate a renewal for 18 months.
All it means is that a new, written agreement will formally extend the contract, where a further period is agreed on. Usually, the contract will mirror that of the original agreement, both you and your tenant signed. For example, if your previous contract was for 12-months, then the new agreement will follow suit.
What happens if rent agreement is not renewed ? If the rental agreement is not renewed then the tenant is legally required to vacate the property which he was occupying. The landlord will recover the possession of the flat.
If the tenants remain in occupation, then in most cases, if no new fixed term tenancy or 'renewal' has been signed, then as soon as the fixed term tenancy has ended, a new 'periodic' tenancy will be created automatically in its place.
