LEASE RENEWAL NOTICE

You are already there, in the property, paying your rent on time every month. Why do you need a form to tell the landlord that you intend to stay on?

For your own safety. .

Your lease may contain a provision which requires you to present a written notice to renew within a set number of days before expiration of the lease. You may have already told your landlord of your intentions, but if you have not put it in writing, the landlord is legally free to make other arrangements. The Notice by Lessee of Intention to Renew Lease will fulfill your obligation to give written notice.

Failure to provide it could result in:

Increased rents: the landlord may have to keep the dollar amount of the lease the same if you give notice of renewal on time...but can raise the rent if you don't.

Eviction: Your landlord may have a new tenant waiting for your spot...a tenant who is willing to pay more. If your lease calls for notice and you haven't given it, you could find yourself out on the street on the last day of the lease.

Hard feelings: tension between you and the landlord. Your rental payments might be making loan payments...or they could constitute a good portion of your landlord's income. Not knowing if you are staying or going could cause your landlord to worry and develop ill-will toward you.

Even if your lease makes no mention of procedure at the end of the lease term, you will still want to submit notice of your intentions...and then follow up with a conversation. Your landlord may not intend to renew the lease and it is in your best interests to find that out as soon as possible.

Submitting a "Notice of Intention to Renew Lease" to the landlord could save you from an expensive headache. The only reason not to do it is if you plan to leave when your lease expires.

The form is a free download from this site. And it's short...only 9 lines including one for your signature. It won’t take more than 5 minutes to download and fill it out.

By the way, even if you are not happy with your landlord, common courtesy and good business practice says you should let him or her know if you plan to leave at the end of your lease. Leaving on good terms always gives your reputation a boost ... and you never know when you might need that landlord for a reference!

Lease Renewal Notice