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Updated over 7 years ago,
Clause for next year's rent in new lease
I downloaded a lease agreement (WA residential leases) to use and found an unusual section - has anyone else included this clause here around the new rent rate after the first term expires?
"TENANT'S HOLD OVER. If Tenant remains in possession of the Premises with the
consent of Landlord after the natural expiration of this Agreement, a new tenancy from month-
to-month shall be created between Landlord and Tenant which shall be subject to all of the terms
and conditions hereof except that rent shall then be due and owing at
______________________________________________________________ DOLLARS
($__________________) per month and except that such tenancy shall be terminable upon thirty
(30) days written notice served by either party."
Thanks!