Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago,

User Stats

1,451
Posts
461
Votes
Sam Leon
  • Investor
  • Fort Lauderdale, FL
461
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.

Loading replies...