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Updated almost 3 years ago,
Can the lease renewal just point to last year’s lease agreement?
Hello,
I’m renewing the lease of one of my tenants in the next two months for a property I manage (about 45 min drive from where I live). I’ve always just used the previous lease agreement document but updated it for the year and terms (including rent increase if applicable), print it, take it to the property and sign it together with the tenant. It’s a bit of an annoyance especially since it’s so long at 11 pages, and everything is the same except the year and rent (if it increased). The question I had is if it would be ok to draft a lease renewal that states the lease renewal term, and rent, and points to the previous year’s lease for all of the gory/legal details?
Thanks!