Wednesday, July 23, 2014

Landlord Tip

Lease Renewal Clause

When giving tenant the right to renew the lease, please consider this: If the tenants are bad or you decide during the tenancy that you do not want to renew the lease, always include the words, "Subject to owner's written approval".

If you did not provide for a rate of rent increase in the lease, this enables you to send a renewal with proper notice with an increase offer the tenant may or may not elect to stay for.

Read more about The LPA Lease at The LPA's Essential Forms.

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