Hey, this is Clint with Rent Like a Pro. In this video, we're going to talk about lease renewals and why it's a good time to raise the rent. Renewing the lease should be easy. You can email it to the tenant, they sign it, and send it back. You can take it one step further and use e-signatures. You send them the document, they sign it through email, and send it right back. However, it depends on what state you're in. Some states recognize these signatures, while others don't. You can make it really easy for the tenant by already having the terms and all that goes into renewing the lease outlined ahead of time. The pros don't like their tenants going into month-to-month leases, but a lot of landlords like going into month-to-month leases because they feel like they can change the terms or evict with more freedom. The pros like to keep them in leases and do renewals so they can do more targeted leasing. Target leasing is when all your leases come up at the same time. It's a volume thing. When you start to have a higher volume, you're going to want people to be able to move in and out during specific times of the year, especially if you're in college towns or winter areas where the weather makes a difference. Some of the properties I own are in an area where there is a 50 percent drop in moving in the winter because it gets very cold. In the summer, the demand goes up. So, I like my leases to end in the months of April and May. This cuts my vacancy time in half. It's a technique the pros use to target their leases, and renewals are how they accomplish this. Here's...
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Lease Extension Agreement Form: What You Should Know
AOA Form No. Addendum to Renew or Extend Lease Agreement Lease Extend Lease: A landlord and a tenant may agree to the extension of the lease term from the present lease term to an unexpired term, but only after the tenant and landlord both consent to and agree to the proposed terms of the extension. . . Lease Extend Lease Form — Online — Legal Templates A lease extension agreement is a legal document that allows a landlord and tenant to extend a Lease Agreement beyond its initial end date. The terms and extension of lease agreement with a lease renewal and/or extension are made by and between the Landlord and Tenant, relative to a certain lease the original lease agreement for premises known as : Legal Lease Extension Form and/or Templates — Online — Templates The Legal Lease Extension form is a legal document that allows a landlord and tenant to extend an old lease from the current lease to an extension.
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