Renewal Term

[Jimmy S.]

How does everyone do the renewal term in their lease? I changed mine because of auto renewal, to many times tenant would blow me off before the lease ends on the renewal term so I cant change anything since they wont sign a new lease and it auto renews.

This is what I currently have in my new lease, can anyone tell me if this is good or it bad. Any downside they if they dont sign a new lease they are living their without a expired lease?

7. RENEWAL TERM

This lease will NEVER automatically renew.Once the starting and ending dates are expired this lease will be void.

a. If TENANTS are moving they must give LANDLORD 30 day’s written notice before the end of the lease.

b. If LANDLORD wants the premises back LANDLORD must give 30 day’s written notice before the end of the lease.

c. if TENANT gives LANDLORD 30 days written notice before the end of thelease or LANDLORD gives TENANT 30 days written notice, LANDLORD has the right to put a “for rent sign” in the window or in the yard and show the property to potential future tenant’s inside and out. LANDLORD must notify current TENANT'S before future showings.

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[Dick Rosen]

My lease renews automatically to a Month to Month lease upon expiration, mandatory in Arizona however... I send out a lease renewal offer 60 days prior that gives them choices. They can renew for another 12 months at the same price or they can renew for 6 months with a 5% increase or they can go month to month with a 10% increase. Now when it rolls over automatically I automatically raise the rent 10%.