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Updated over 11 years ago on . Most recent reply

User Stats

1,451
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Sam Leon
  • Investor
  • Fort Lauderdale, FL
462
Votes |
1,451
Posts

Lease Renewal

Sam Leon
  • Investor
  • Fort Lauderdale, FL
Posted

I have a property that I rented out to a tenant and the lease will be due to expire 47 days from today.

I should have acted a little sooner but I was out of the country on vacation for a few weeks and forgotten about this.

Added to that the tenant was secured by a real estate agent which I paid one month's commission to originally as required by the signed contract. The contract also said should I renew with same tenant I owe 1 month commission to agent upon renewal.

So I assume if there is a fee owned per renewal I should have the agent execute the renewal contact instead of me drawing a new one up right? There were issues with the original contact which the agent drew up by using a standard Florida contract, areas I hope to clarify any areas of misunderstanding (intentional or unintentional) by amending a few clauses on the standard contract.

What are standard dates to send a renewal letter to tenants? I assume it's something like send letter 60 days ahead and get a reply by 30 days? I will ask my agent but wanted to know my options now that I think I am late.

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