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![]() ![]() Renewing a lease isn’t always easy for the landlord or tenant since it often requires renegotiating the lease. May be used for residential and commercial property. If the landlord and tenant are in good standing with one another, a renewal letter is commonly sent to the tenant within 30 to 90 days before the original lease terminates. In addition to the extension, the renewal may also make other changes to the lease such as increasing the rent or add rules of the property. ![]() The renewal is only legally binding after it has been signed by both the landlord and tenant. ![]() A lease renewal allows a tenant to prolong a current lease past its scheduled end date. ![]()
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