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Lease Renewal (Extension) Agreement

A lease renewal allows a landlord and tenant to prolong a lease past its scheduled end date. It may also amend the lease terms, such as increasing the rent. If the tenant is in good standing, a renewal letter is commonly sent to the tenant 30 to 90 days before the original lease terminates. It must be signed by both parties.
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May be used for residential and commercial property.

How to Renew a Lease (4 steps)

1. Write Notice

landlord filling out lease renewal agreement on laptop

Depending on the landlord’s preference, a simple lease renewal may be sent to the tenant or the landlord may decide to re-write an entirely new lease agreement to the tenant. If the landlord decides on the latter, a letter should be sent to the tenant stating the following:

LETTER OF INTENT TO RENEW LEASE

 

[Landlord’s Name]
[Landlord’s Address]
[Landlord’s City, State]
[Landlord’s Zip]

[Date]

Dear [Tenant’s Name],

It is our intention to renew your lease dated [Original Lease Date] that will end on [End Date of Lease]. You have shown to be a model tenant and would offering to renew your lease for an additional [Enter Term] at the monthly rental rate of [Enter Rent ($) Amount]

If you accept this offer, please contact our office by [Enter Date].

Sincerely,

[Landlord’s Signature]

2. Send Notice

landlord meeting with tenant

It’s recommended to send the letter at least 30 days before the expiration date. The landlord may send the letter themselves or use websites like MailaLetter.com ($1.99 for 1-page).

3. Wait for the Tenant to Respond

landlord on phone with tenant

The tenant will be required to respond within the timeframe outlined in the letter. Depending on circumstances, the tenant may decide to make a counter-offer to the landlord. If so, it may be better to schedule a meeting with the tenant to come to terms and come to a verbal agreement.

4. Write the New Lease

browser showing eforms lease renewal agreement form

If the terms of the lease are mostly the same as the original, a simple 1-page lease renewal agreement may be signed by the parties. If the new lease has many changes, i.e. a tenant has changed, the landlord has changed, the tenant has moved to a new unit in the building, etc. a new lease agreement should be authorized amongst the parties.

Renewal vs. Extension

A renewal is treated legally as an entirely new agreement where an extension is simply prolonging the end date of the original agreement.

Actions Renewal Extension
Extending the Lease Term Recommended Recommended
Increasing Rent Recommended Not recommended
Adding Terms & Conditions Recommended Not recommended

Notice to Not Renew a Lease


Lease Non-Renewal Letter – To inform a tenant that the landlord does not wish to renew the lease agreement.

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Sample Lease Renewal Agreement

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