Finding a new tenant or a place to live in can be a hefty task, so convince your landlord to renew your apartment lease by proposing an agreement which will benefit both of you equally. It is an official contract regarding the extension of the lease agreements and can consist of any amendments in the pre-existing contact.
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5 Steps to Write a Lease Renewal Letter
Step 1: Decide Your Budget
Make sure you resolve your budget to make the best conclusion regarding the extension of the lease. The extension would strike down the tedious process of finding a new residential place and dealing with different rules but it should also be financially within your means.
Step 2: Discuss Increase in Rental
To convince the landlord you must accept the fair increase in rent as otherwise, it wouldn’t be worthwhile for him/her; and the extension of the lease would only take place when both the parties benefit from it. Also, discuss the cost of utilities provided by the landlord since it will increase with time as well.
Step 3: Mention the Payment Terms
Beforehand enlist all the information with respect to the payment procedure including monthly/annual rent, the amount of fine in case of delay in payment, the mode of payment and the bank account details of the landlord and the tenant to ensure the error-free transaction.
Step 4: Request the Landlord for Some Maintenance Work
A Residential Property tends to go through some normal wear and tear over a period of time. Discuss this matter with your landlord to carry out adequate repair work in order to restore the property and also replace utilities which tend to deteriorate over time.
Step 5: Make Amendments in the Pre-existing contract
Instead of creating a new bond; save your time and make changes in the original lease agreement using a premium template with the help of which you can extend or renew your lease for a longer period of time.
10+ Lease Renewal Letter Agreement Templates
1. Premium Extension of Lease Letter Template
A premium lease letter template at an affordable price is rare but it must be your lucky day as we have picked this easy to download and even easier to use template for you. It supports both Microsoft Word and Apple Pages and is available in A4 and US letter sizes.
2. Lease Renewal Letter to Tenant
It is a free template which delivers to all your requirements, is comprehensive, consists of all the headings and salutations and is supported by a wide range of applications across different platforms. This rental lease letter templates contains of black font on a white background and blue accents on the sides.
3. Standard Free Lease Renewal Letter Template
Revise your pre-existing lease agreement by altering the necessary details as discussed with the tenant. It is a standard residential lease agreement template available in MS Word, Google Docs and Pages, which can be used to make an adequate letter that consists of all the particulars.
4. Commercial Lease Renewal Letter Template
This residential lease template consists of a black professional Google standard fonts on a white background and a slight hint of green on top and bottom corner for aesthetics. It comes with 24 hours Email and Chat Support in case of any doubt. However, it may not be required as it’s incredibly easy to edit using any of the supported applications.
5. Free Lease Renewal Letter Template
Why waste your time and energy finding a new tenant/residential place, when you can easily extend your pre-existing lease with the help of this lease template that we have specially selected for your needs. It can be easily customised to your liking and can be shared through mail and other social media platforms.
6. Printable Residential Lease Renewal Letter
Are you tired of rummaging through the web for a sample lease proposal template, which fulfills your needs and doesn’t cost a single buck? Well, look no further as this template is the perfect fit for you. It can be easily edited and can be printed to provide the recipient with a hardcopy.
7. Sample Renewal Letter to Tenant Template
This is a basic lease renewal template that just gets your work done sufficiently and assists you in creating a clean letter to propose to your tenant regarding the extension of the lease along with the related details. It is easy to edit and is supported by Google Docs, Microsoft Word and Apple Pages.
8. Professional Lease Extension Template
Notify your tenants about the end of the term of your pre-existing lease agreement and the option to extend the lease. Also, inform the tenant regarding the written notice to be provided in case they vacate the premise after the end of the current lease using this sample residential lease template.
9. Basic Lease Extension Addendum Template
Looking to provide your tenant with a lease renewal? Then use this sample lease renewal template to make the process more methodical and fast. Provide the tenant with details like increase in rent and the expiry date of the new lease. It can also be easily customized and is printable.
10. Printable Lease Renewal Letter Template
Make an authorized contract using this sample rent increase letter template by providing the tenant with all the details including terms for termination of ongoing tenancy and option to extend lease whichever seems fit to the tenant. Inform the tenant to vacate the premise if he/she doesn’t wish to extend the lease.
11. Lease Renewal Template Sample
Discuss with the tenant whether they wish to extend the lease or not using this sample rental lease template. Provide option to extend for a long term as well as a short term and in case the tenant doesn’t want to extend then ask them to submit a notice so that the landlord could search for a new tenant in the meantime.