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Updated over 3 years ago,
Renew or Extend a Lease
My tenants 2 year lease expires in about a month. They would like to renew the lease for another 2 years. (they have been great tenants. Have paid their rent on time every month). Should I have them sign a new 2 year lease or should I extend the current lease for another 2 years. The only thing that is changing from the current lease are the dates of the 2 year term and the number of tenants. All other terms of the lease are the same. The rental property is located in Bowie, MD. Thanks for your help.