Sample Rental Agreement Renewal

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Other details in a lease agreement are retained and cannot be changed, as it is simply an extension of the lease of an existing lease. If the end of a lease is on the horizon, you need to make a decision. If the current tenant wants to stay longer, you can choose between renewing a lease and finding another tenant. Finding a new tenant can be a time-consuming and expensive process that includes marketing the property, sorting applications, displaying the unit, and screening potential tenants. The longer it takes to find a new tenant, the more expensive the process becomes. If a tenant sues the rents and the landlord accepts them even after the lease expires, the tenant becomes a "consenting tenant". Most of the time, the landlord asked the tenant before notifying him before evacuating the property.


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