General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago,
Lease Language - renewing after 15 month term?
So I have a tenant who agreed to an initial 15 month lease term. I did this because of it starting in January and it being mutually beneficial for the tenant and myself. When it automatically renews I would like it to be for 12 months.
The 15 month lease is from January 10, 2015 and ending March 31, 2016.
Below is the current language I have in the custom text section of the lease. Anything else I can add or do differently?
After the initial Lease Agreement term ending March 31, 2016, the Lease Agreement will automatically renew for a 12 month term beginning April 1, 2016 and ending March 31, 2017. Every Lease Agreement term following the initial term will automatically renew every 12 months.