Lease Renewal Letter

A lease renewal letter is a document that is used to request the renewal of a lease agreement between a landlord and a tenant. It typically consists of several parts, including the date, the landlord's and tenant's names and addresses, the terms and conditions of the original lease, and the proposed changes to the lease agreement.

This form is drawn up when the current lease agreement is about to expire, and the tenant wishes to continue renting the property. The parties involved in the lease renewal letter are the landlord and the tenant. The landlord is the person who owns the property and is leasing it out to the tenant, while the tenant is the person who is renting the property from the landlord.

When compiling a lease renewal letter, it is important to take into account the terms and conditions of the original lease agreement. The lease renewal letter should clearly state the proposed changes to the lease agreement, such as the length of the renewal period, the rent amount, and any other terms and conditions that may have changed. It is also important to ensure that the lease renewal letter is signed and dated by both the landlord and the tenant.

Sample of Lease Renewal Letter:

[Your Name]
[Address]
[City, State ZIP Code]
[Email Address]
[Phone Number]
[Date]

[Landlord's Name]
[Address]
[City, State ZIP Code]

Dear [Landlord's Name],

I am writing this letter to request the renewal of my lease agreement for the property located at [Property Address]. My current lease agreement is set to expire on [Lease Expiration Date], and I would like to continue renting the property for an additional [Lease Renewal Term] months.

I have been a responsible and respectful tenant during my time renting this property, and I have greatly enjoyed living here. I would like to continue renting this property because it meets all of my needs and is in a convenient location for me.

As part of the lease renewal, I would like to propose the following changes to the lease agreement:

- The lease renewal term will be for [Lease Renewal Term] months.
- The monthly rent will be [Proposed Rent Amount], which is a [Rent Increase/Decrease] from my current rent.
- All other terms and conditions of the original lease agreement will remain the same.

If these proposed changes are acceptable to you, please let me know so we can move forward with the lease renewal process. If there are any other changes or requirements that you would like to discuss, please do not hesitate to contact me.

Thank you for your time and consideration. I look forward to continuing my tenancy at [Property Address].

Sincerely,

[Your Name]

The advantages of this form are that it allows the tenant to continue renting the property without having to go through the process of finding a new place to live, and it allows the landlord to continue receiving rental income without having to find a new tenant. However, if the lease renewal letter is not filled out correctly, there can be problems. For example, if the proposed changes to the lease agreement are not clearly stated or if the lease renewal letter is not signed and dated by both parties, it may not be legally binding. Additionally, if the landlord and tenant cannot come to an agreement on the terms and conditions of the lease renewal, it may result in the tenant having to find a new place to live.