As a tenant, you may receive a notice to extend your lease agreement from your landlord. This notice is typically sent out when your current lease is about to expire, and your landlord wishes to offer you the opportunity to continue residing in the property for an extended period.
If you’ve received a notice to extend your lease agreement, here is what you need to know:
1. Read the notice thoroughly
Before making any decisions regarding your lease agreement extension, it’s important to read the notice thoroughly. The notice should outline the terms of the lease extension, such as the length of the extension, any changes to the rent, and any other relevant information.
2. Consider your options
Once you’ve read the notice, it’s important to consider your options. Do you want to continue living in the property for the extended period outlined in the notice? If so, are the terms outlined by the landlord acceptable to you? Alternatively, if you’re not interested in extending your lease, you’ll need to take steps to move out of the property before the end of your current lease term.
3. Communicate with your landlord
If you’re interested in extending your lease, it’s important to communicate with your landlord as soon as possible. This will allow you to discuss any questions or concerns you may have about the terms of the extension and ensure that you both agree on the terms outlined in the notice.
4. Sign the lease agreement extension
If you and your landlord agree on the terms of the lease extension, be sure to sign the new lease agreement and return it to your landlord as soon as possible. This will ensure that your new lease agreement is in effect before your current lease expires, avoiding any disruption to your living arrangements.
In conclusion, if you receive a notice to extend your lease agreement, it’s important to read the notice carefully, consider your options, communicate with your landlord, and sign the new lease agreement if you decide to extend. By following these steps, you can ensure that your lease extension goes smoothly and that you can continue to enjoy your living arrangements.