Lease Renewals and Non-Renewals

Lease expiration time should be seen as an opportunity for an upgrade, whether you keep the existing tenant or opt for a better one.

I once said, "You think you know someone? You don't really know them until they've rented from you."
There are many aspects of a rental property or tenancy that you will have the option to change with a renewal or a termination.

• Upgrade in Tenant(s)
  The Notice of Lease Non-Renewal is a type of lease termination notice for a soon expiring lease you want to end with your current tenants. Most tenants expect to re-new the lease or stay on a "month to month" after the original lease expires, but this form tells them in a friendly yet business-like way to leave while not being harsh or too intimidating.

  Often we become "stuck" with tenants who may have started out alright, but start to go down hill after a while. We usually feel trapped into keeping them because it is just easier to put up with their annoyances than to replace them with a better tenant.
  

  
  You should not feel obligated to extend a lease and hold on to tenants who are not living up to their responsibilities or who are making your life more difficult than it has to be. The Notice of Lease Non-Renewal should be legally served to the tenant, mailed certified and regular mail.

• Upgrade in Lease Terms or Rules
  You may also decide that you'd love to keep yopur tenan, but feel you need to make some changes.
  This can be easily done by renewing your existing lease with a choice of easy to use LPA Renewal forms tailored for your situation. Pick the one that works easiest for you and your tenant. for this purpose, I recommend a Notice of Lease Update/Change of Terms and a Lease Renewal Option & Expiration Notice

• Increase in Rent
  A Rent Increase Notice is more frequently used on month to month rentals, since most landlords prefer to use a complete Lease Renewal Form to increase rent at the same time the lease is extended or renewed.

  

• Lease Renewal Option
  Maintains and preserves the integrity of your existing lease with tenants who wish to continue their tenancy. The LPA Lease contains a renewal section which already prepares and instructs the tenant how to give notice to vacate or renew and extend the lease term. Included in this section is also a place to enter the amount of rent increase.
  The Lease Renewal Option & Expiration Notice is great for to processing renewals quickly and easily.

• Tenant's Notice of Intention to Vacate
  Your Tenants Should Give You Proper Notice Before Moving. The Tenant's Notice of Intention to Vacate is used by the tenant give proper written notice to the landlord when the tenant is vacating and states that the tenant will cooperate with showing the property for re-rental or sale. Helps reinforce proper move-out procedure. It includes a place for the tenant to give his forwarding address in order to receive any security refund. It is an excellent way to help reinforce proper move-out procedure.

• Upgrade the property
  Discovered that the Current Tenants ARE NOT What You Want Anymore? This may be the perfect time to upgrade the rental property in order to attract better and more qualified, and higher paying tenants.
  A Notice of Termination of Tenancy will give legal notice to end the tenancy. If the tenant does not vacate at the end of the notice period, that tenant will be in "hold over" status and subject to eviction.

Lease Renewal Related Forms:

• Notice of Termination of Tenancy
  
• Notice to Pay Rent or Quit
  
• Rent Increase Letter
  
• Notice to Renew or Vacate
  
• Lease Renewal Option & Expiration Notice
  
• Notice of Termination of Tenancy
  
• Notice of Lease Update/Change of Terms