Real Estate Lease Renewal Letter
Real Estate Lease Renewal Letter
[Date]
[Tenant's Name]
[Tenant's Address]
[City, State, Zip Code]
Dear [Tenant's Name],
I hope this letter finds you well. As your landlord for the property located at [Property Address], I am writing to discuss the renewal of your lease agreement.
Introduction
I would like to express my appreciation for your tenancy and cooperation over the past [duration of the current lease term]. It has been a pleasure having you as a tenant, and I am pleased to offer you the opportunity to extend your lease for another term.
Confirmation of Current Lease Details
As a reference, your current lease began on [Original Lease Start Date] and is set to expire on [Original Lease Expiration Date].
Offer for Lease Renewal
I am pleased to inform you that I am willing to renew your lease for an additional term of [00] months, beginning on [Date], and ending on [Date]. This renewal would provide continuity and stability for both parties, allowing you to continue enjoying the comforts of your current residence without disruption.
Proposed Terms
The terms of the renewed lease will remain largely unchanged from the original agreement. However, there will be a slight adjustment to the rent amount to $[00] per month. This adjustment reflects a [0]% increase over the current rent, in line with the annual rental appreciation rate in our area. Additionally, the lease term will be extended for another [00] months, commencing on [Date], and ending on [Date].
Rent Details
Beginning on [Date], the new monthly rent will be $[00]. Rent payments will continue to be due on the 1st day of each month, as outlined in the original lease agreement.
Maintenance Responsibilities
As per the terms of the original lease agreement, maintenance responsibilities will remain the same. The landlord will continue to be responsible for major repairs and structural maintenance, while the tenant will be responsible for routine maintenance, such as lawn care and minor repairs under $[00].
Deadline for Response
In order to proceed with the lease renewal process, I kindly request that you confirm your intention to renew by [Date]. Please review the terms outlined in this letter and let me know if you have any questions or concerns. If I do not receive confirmation of your intent to renew by the specified date, I will assume that you do not wish to renew the lease, and I will begin exploring other options for the property.
Contact Information
If you have any questions or require further clarification regarding the lease renewal terms, please do not hesitate to contact me at [Your Number] or [Your Email]. I am more than happy to assist you with any inquiries.
Thank you for your attention to this matter. I look forward to your favorable response and to the possibility of continuing our positive landlord-tenant relationship for another lease term.
Sincerely,
[Your Name]
[Your Title]
[You Number]
