Lease Renewal Letter Template

Is your lease nearing its end, and you want to stay in your current property for a longer period? Renewing a lease might seem like a daunting task, but it's often easier than you think. A lease renewal letter gives you the opportunity to express your intention to continue renting and establish the terms of your new lease agreement.

What is a Lease Renewal Letter?

A lease renewal letter is a written notice sent by a tenant to their landlord, expressing their desire to renew their current lease for an extended period. The letter outlines the proposed terms of the new lease agreement, such as the rent amount, lease duration, and any other terms that may have changed or need to be renegotiated. Sending the letter with enough notice will give the landlord sufficient time to consider the request and respond appropriately.

When Should You Send a Lease Renewal Letter?

It's best to start thinking about renewing your lease around 60 to 90 days before its expiration. This ensures that you have enough time to prepare the formal letter and enter into negotiations with your landlord if necessary. Sending the letter in advance also helps you avoid any automatic renewal clauses that may be included in your lease agreement. Keep the following things in mind when drafting your lease renewal letter:

• Be Polite and Professional: Start your letter by thanking your landlord for providing you with a great home for the previous lease term. Remember to keep the tone respectful and professional throughout the entirety of the letter.
• State Your Intentions: Clearly state your intention to renew the lease, making sure to mention specific details like the duration of the renewal and the dates you would like your lease to be effective.
• Highlight Changes: If there are any changes you would like to make to the lease agreement, like a change in the rental fee or updated terms, make sure to include them in your renewal letter.
• Provide Your Contact Information: Provide your updated contact information in case your landlord needs to reach you for any reason.
• Request for Confirmation: Finally, request that your landlord confirm receipt of your letter and their stance on your request in writing, so that both parties have a clear understanding of what has been decided. If agreed upon, make sure to request a new lease agreement in writing.

Get Your Lease Renewal Letter Template

Preparing a lease renewal letter might sound like a daunting task, but at BizzLibrary.com, we have made it simple for you! Download our professionally drafted Lease Renewal Letter Template in DOCX format to start drafting your letter in minutes. Address your concerns, outline your expectations and download it now from BizzLibrary.com!

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