Use a Lease Extension or New Lease Contract?

[Christina Swaby]

I have wonderful tenants and their lease is ending on August 31. I want to renew at the same terms of the original lease (which was created and provided by my realtor and I dont have access to that document now). Trying to do the lease renewal myself. 

Any thoughts as to using the Lease extension vs Lease agreement form?

[Peter Tverdov]

I could never get our property management company to do a lease extension addendum because we are constantly improving our lease every 1-2 years. Plus some attorneys will argue the extension is not valid or if you are doing an extension to a lease that is weak to begin with it just doesn't help.

Our policy is a new lease every renewal. We do hundreds of lease renewals a year this way and it works well.