A lease can be of two types: commercial and residential. The commercial lease is for businesses, etc., and the residential lease is for renting a home. According to the type, the terms and conditions may vary. A residential lease is quite easy in terms and conditions compared to a commercial lease. However, a written lease contract is considered much more valuable than a general lease contract.
A landlord has higher rights than tenants. He can restrict the tenant the way he wants. But meetings and discussions can be held for any queries or suggestions.
The landlord has many rights based on the governmental rules and laws governing renting the property. While renting a property, the payment mode is decided, the restrictions are explained, and the dates are set. The terms and conditions of the lease contract are signed after acceptance. The landlord also has the right to send a notice to vacate the premises within a given period.
A lease is always time-based. When the lease is about to expire, the tenant needs to send a lease renewal letter to the landlord.
The letter contains references to the lease contract. The starting and expiration dates of the lease are important in this letter. The suggestions regarding rental increases or maintenance charge increments should be mentioned. The tenant can also mention the desired time period for extension in the lease contract.
Sample letter
I am residing in one of your domestic locations on rent. The contract is going to end next Thursday, as per the terms and conditions of the agreement. I wish to carry on living here. I implore you to prolong the contract for a period of two years. I humbly request that you not increase my rent in the renewal contract, as I am living on my own and earning a meager amount from my job.
I am optimistic about getting a part-time job within a few months. In a way, my stay here will benefit you too, monetarily, as you won’t have to do the publication process for a new leaseholder, and it can save much of your time that you must waste checking the background of new renters. You also won’t have to pay negotiator fees in case things get settled between us.
I expect that you will auspiciously contemplate my appeal and answer me before the last agreement terminates. If you have any complications or queries, you can contact me via Phone or Email. You can send your approval in lettering. It would be highly appreciated if you also sent a new tenancy contract. Thank you in anticipation.
Preview
Format: MS Word
Sample Letter #2
Lease renewal request for the old terms and conditions
I am currently in possession of your house, which is located on the main canal bank road. My lease expires within two days as per the agreement, and because of this, I will have to vacate the apartment. Unfortunately, I lost my job the previous month, due to which I am facing difficulty. Right now, I and my family are surviving on my wife’s income.
Now it will be very difficult for me to find another apartment. I request that you please renew my lease agreement with the same amount of rent as paid on day one. I hope to receive a positive reply from you.
Letter file
Sample Letter #3
Lease renewal request for a personal reason
I have been living in your apartment for the past year, and now it is time that I will have to vacate the apartment. As per the lease agreement signed, I will have to move from here within a week’s time. My office is nearby, which makes it convenient for me to travel. Moving to another place will be a tedious job.
I request that you please renew my lease agreement. I am hoping to hear it in positive terms.
Letter file
Sample Letter #4
Lease renewal request with an increase in the rental amount
Your apartment, located at Canal, has been in my possession for the past year. I will have to vacate the apartment as per the lease agreement. My wife has been expecting, and the due date is approaching. Due to this reason, it will be very difficult for us to move to another apartment now.
I hereby request that you please renew my lease agreement for another year. I am willing to pay rent with an increase of 5%. I hope to receive a positive reply from you.
Letter file
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