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Updated about 9 years ago,

User Stats

4
Posts
1
Votes
Cara Wells
  • Investor
  • Madison, AL
1
Votes |
4
Posts

Poorly Worded Lease Renewal - Help!

Cara Wells
  • Investor
  • Madison, AL
Posted

Good morning!

I've made a rookie mistake on lease language, and was wondering if you all have any advice. This is for a condo in Alexandria, VA. My current tenant's lease is scheduled to end on 31 December 2015. The lease contains the following language -

At the end of this Lease Agreement, Tenant shall have the option to renew the Lease for an additional term that is equal to the initial term of this lease (Term of Lease Agreement) pursuant to terms and conditions contained herein.  If Tenant or Landlord does not wish to renew the Lease, written notice must be given to the other party at least 60 days before the end of the term (Term of Lease Agreement) to terminate the Lease (including any exercised renewal or extension thereof).

My critical error was not including a clause to automatically renew the lease. Now that 60 days notice has passed, without a response to my own note 10 days ago reminding them of the notice, their renewal options, and that I hope they renew, I'm going to list the condo for rent again.

My question is this - do you think the wording is written as such that they can come back to come at any time and try to sign a new lease before the end of their current term? I don't want to spend time and money finding a new tenant, only to have issues with this current tenant trying to sign a new lease at the last minute.

Appreciate your help and insight!
Cara

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