Colorado Notice to Lessor of Lessee's Intention not to Renew or Extend Lease Agreement
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How to fill out Notice To Lessor Of Lessee's Intention Not To Renew Or Extend Lease Agreement?
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FAQ
Yes, a lease can automatically renew in Colorado. Like most fixed-term leases, a clause in a written lease can determine whether or not a lease renews. Commonly, the lease will become a month-to-month lease if neither party gives notice that they wish to terminate the tenancy.
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.
It should contain the essentials, such as:Your name, and the landlord's name and address.The date you're writing the letter.Informing the landlord you're breaking your lease early.The reason why you're breaking your lease.The building and apartment you're vacating.The date by which you're vacating.More items...
Once a lease expires the tenancy becomes month to month. The tenant is still required to provide 60 days notice to terminate the tenancy. However, if the landlord is asking the tenant to leave then the notice period depends on the reason that the landlord is terminating the tenancy.
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.
No Obligation to Renew You have the right to not renew your lease and no legal reason compels you to renew. At the same time, the landlord is deciding whether to renew your lease agreement.
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.
In Colorado, a lease may be terminated automatically when the term of the lease expires. Colorado law says (C.R.S., Section 13-40-107(4)) says that when a lease expires on a date certain, no notice is required.
Dear (Landlord's name), This letter is to inform you that I do not intend to renew my lease. As per the laws of the State of (insert state), this is my (insert number of days) notice of non-renewal stating that I will be leaving my apartment on (date), which is the end of my current lease.
Generally, landlords must not accept rent or agree to new terms beyond the original lease term if they do not wish to renew the lease. Doing so could be interpreted by a court as a default extension of the lease, at least on a month-to-month basis.
