VIEWS: 1,255 PAGES: 1 CATEGORY: Business and Corporate Agreements POSTED ON: 9/17/2010
A landlord generally may refuse to not renew a lease without providing a reason. Except for rent regulated apartments, a tenant may only renew the lease with the consent of the landlord. If a lease contains an automatic renewal clause, the landlord must typically give the tenant advance notice of the existence of this clause between 15 and 30 days before the tenant is required to notify the landlord of an intention not to renew the lease. A lease renewal may be negotiated with different terms from the current lease. Local laws vary, so consult an attorney or housing organization for applicable law in your area.
Lease Renewal Agreement made on the (date), between (Name of Lessee) of (street address, city, state, zip code), referred to herein as Lessee, and (Name of Lessor), a corporation organized and existing under the laws of the state of ______________, with its principal office located at (street address, city, state, zip code), referred to herein as Lessor. Contractor. ORIGINAL AGREEMENT Whereas the Landlord and Tenant entered into a lease agreement which started on the (date) and expires on the (date) (hereinafter referred to as the Original Agreement); Now, therefore, for and in consideration of the mutual covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: THE PREMISES: (Name if any) Physical Address: _________________________________________________ RENEWAL TERM: The Landlord and Tena
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