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If you're renewing, then it's a case of agreeing on the length of the next term along with any break clauses and signing the paperwork again. If you decide to continue on a rolling tenancy, it can be ended at any time ? usually with two months notice.
The renewal notice should include the names and contact information of both parties, the property address, a reference to the original lease, and any changes to the terms. Reply to the tenant within 30 days to ensure at least 60 days for finding a new tenant if needed.
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.
On occasion a lease will state that it automatically renews unless either party gives notice otherwise. More frequently, a 30-day or 60-day notice must be provided by one party to the other.
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.
The most important part of this letter is making sure to include the financial obligations of the tenant. The rent amount, the date it is due and the consequences for missing a payment must be clearly defined in the agreement. If there is a security deposit or rules for a community, they should be included.
A lease renewal letter should include the following information: Landlord/Property manager name and address. Tenant name and address. Date of letter. Rental term. Monthly rent amount. Rent increase/decrease (if necessary) Landlord/Property manager's signature.
I'm writing to inform you that your current lease for the property located at [ADDRESS] will not be renewed for another lease term. This note should serve as my (length appropriate) notice of non-renewal. Your lease will expire on [LEASE EXPIRATION DATE], which means the property should be fully vacated by that day.