Lease Renewal Letters: Definition, Functions, and Benefits
Are you a landlord? If yes, it means you need the templates of lease renewal letters. Just like the name, the letters are functioned as the proof that the landlord and tenants are agreed with lengthening the period of a house or land leasing. Sure, both parties must agree and do the terms and conditions made before to avoid any problems in the future. Meanwhile, the templates are the structure of the letters. With templates that have been provided before, whether they are in the form of hard or soft copies, the way of making letters can be easier.
So, how should the best templates for the lease renewal letters be? There are some important parts to be there. They are the letterhead, date of the notice, the names of tenants, premises, terms and conditions, and the name of the landlord. Make sure to bring an additional space for the signatures of both sides. In general, the letter sheet should not be too big and it is better to be brief. It should also be understandable for all realms. Yes, your tenants may come from various realms including both the educated and uneducated ones.
lease renewal letter template
Despite the type of template mentioned above, there is another template that includes the disclaimer. Basically, it is functioned like the terms and conditions. However, it is commonly equipped by the legal force. It means if one of those two parties cannot follow the rules, there is the threat of legal that waits for him or her. The disclaimer can also be typed on the different sheet from the main letter. It means that it can be optional. In fact, many landlords tend to feel enough only with the terms and conditions without the letter is strengthened by the legal force.
Benefits of lease renewal letters?
Anyway, what are actually the benefits of lease renewal letters? Sure, for both parties, it is necessary to have the renewal letters along with the signatures and probably seal. It is as proof if the tenants have paid the renewal cost. Meanwhile, when the tenants have not, it can also be proof for the landlord to make further actions.
How do I extend a tenancy agreement?
The letters with terms and conditions mean giving tenants some rights and duties regarding the house or land they lease. Some examples are they must keep the house cleaning, not bring the pets if the conditions are not necessary, and still many more. For those benefits, it is reasonable to say that the lease renewal letters are necessary for the leasing process.
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