The problem is not a lack of sufficient notice. The thing is the tenants are sweating you out while they decide what to do. If the lease is not returned by your deadline, send your tenant a notice of termination and move them out. If you wait past April 3rd and take no action they you are allowing the tenant to tell you what will happen.
Agreed and thanks. So your thought is not to write them a reminder that the deadline is approaching? I can easily and patiently wait until the third.
4)Term of lease agreement: The lease agreement will end on June 19, 2012date.
Ending or Renewing the lease agreement: A. This lease agreement will end on June 19, 2012 date. Tenant must immediatly vacate at the end of the lease agreement and remove any and all belongings from the leased premises.
B. Landlord may elect to renew the lease agreement for an additional term by sending written notice to tenant 90 days prior to the end of the lease term.. Landlord may include...term chanes...Tenant may agree extend the lease by singing the renewal notice and agreeing to its terms. If Tenant does not respond to this notice, lease will end and tenant must immediatly vacate at the end of the lease and remove any and all belngings from the leased premise.
I am thinking that part of the terms in the new agreement is we would have the lease by April 3rd so we know what we are doing. They have been sent 2 letters stating this date 1 with the lease 2nd when they wanted more time to think.
If we have the right to show the property written into our lease. I might like to do that so as to save money.
I'd write them a letter or e-mail reminding them that the lease will terminate if you don't hear back. I think they are "checking the market" and seeing what is available if they feel the price is too high for them.