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Updated over 6 years ago, 08/27/2018

User Stats

96
Posts
22
Votes
Jonathan G.
Pro Member
  • Investor
  • Tyler, TX
22
Votes |
96
Posts

How do we renew a lease with our tenant?

Jonathan G.
Pro Member
  • Investor
  • Tyler, TX
Posted

We are coming up on our tenant's renewal date.  Our current lease is one that reverts to a month-to-month if she doesn't sign a new year lease, which we are hoping she will do.  I have read on the forums that it is generally a good idea to reach out to the tenant 60 days out to find out their wishes.  Some people are saying that sending a simple letter with options that they check off and sign is enough (1- do nothing and revert to month-to-month, 2- renew the lease or 3- that they intend to vacate at the end of the current lease).  Is sending this type of letter all we need to have signed if they intend to stay another year or do we need to have them go through and change the dates on the lease document and have them sign that again for a new term?  I am assuming the letter could give us an idea and if they say that they want to renew we would have them sign a new lease, but I just wanted to ask for clarification!  Thanks y'all!  

  • Jonathan G.
  • Loading replies...