Sample Letter Extension Of Tenancy Agreement

You can find information about tenants` rights on our Tenant Rights page. and our letter to owner page for other sample letters. Before writing this letter to the lessor, the tenant should read the lease carefully to determine whether or not this contract allows him to request an extension. CONSIDERING that the parties have mutually agreed that the extension of the above-mentioned lease will be extended or extended for a period of one year, with the right to extend or extend the lease upon the expiry of this extension. I am willing to pay more rent, as the lease allows you to increase the rental amount for an additional year if you extend it. You`ll also benefit from the extension, as you save your costs by not advertising the empty property to attract new tenants, paying the agent fees and much more. If there is an agreement between the landlord and tenant and the contract expires soon, the tenant can write this letter to their landlord and ask them to renew the lease. It is important to note that this letter can only be written if the agreement is still operational. Once the contract has expired, you cannot ask the lessor to renew the lease. On the contrary, you must ask him to renew it.

This letter can become complex if it is not written with many important aspects of the lease in mind. Here we will draw the attention of each tenant to a few elements that must be taken into account when applying for renewal: a formal letter to the lessor to renew a rental agreement may be a specific requirement in your rental agreement. If you have a good history with the owner, you should ask for more favorable conditions! Smart landlords will know that there will be a flood of rental properties (commercial and private) during and especially after an economic downturn, and will encourage long-term tenants and help them reach a viable and lasting agreement. This PDF template for the lease helps you get your lease renewal agreement in the blink of an eye! Creating legal documents, such as contracts, requires a lot of time to think about what to keep in mind and what to be in your document. With this model, you can simply add the necessary details to the rental of the property, the conditions, the period and the name of the parties and it`s already gone! My rental agreement is in progress with __________ I would like to propose an extension of the lease for one more year until DATE without an increase in rent. However, if you want to renew the lease after this period, I will increase the rent by 50 $US per month. I hope that this extension agreement will be approved. Please contact me by phone or email address if you have any questions. If a tenant needs a rental facility for a relatively short period of time, the landlord could accept the use of the rental deposit instead of rent. It should be clearly understood that the tenant is not entitled to a refund (or a reduced amount) at the end of the rental period.

In a supplement to the lease, this agreement must be disregarded. A deposit is there to protect the owner. To the extent possible, it could be expected that the bond will be “rebuilt” if the tenant`s financial situation improves. I hope you will accept my request and respond as soon as possible….