Rental renewal form is an agreement between a landlord and a tenant renewing their previous agreement. A landlord and tenant may enter into a new agreement after expiry of the previous agreement. Alternatively, they may make amendments regarding their terms and conditions in their relationship.
You can Download the Rental Renewal Form Template, customize it according to your needs, and Print it. Rental Renewal Form Template is either in MS Word or Editable PDF.
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Features:
Landlord and Tenant Information:
Pre-filled sections with the names and contact information of the landlord and tenant already residing in the property.
Original Lease Details:
Sections referencing the original lease agreement, including the property address and the renewal period (e.g., “month-to-month,” “6 months,” or “1 year”).
New Lease Term:
A designated area to specify the new lease start date and end date. There may also be a section to choose the renewal term from a pre-defined list (e.g., drop-down menu).
Monthly Rent:
A section to outline the new or continued monthly rent amount.
Security Deposit:
A pre-filled section stating the security deposit amount, which typically remains unchanged unless specified otherwise.
Signatures:
Designated spaces for both the landlord and tenant to sign and also date for agreement.
Benefits :
Convenience:
Saves time and effort compared to creating a lease renewal agreement from scratch, especially when the terms are mostly unchanged from the original lease.
Clarity:
Helps ensure both parties are aware of the new lease term and also any changes to the rent or other conditions.
Efficiency:
Streamlines the lease renewal process, allowing for a quicker completion if both parties agree to the terms.
Standardization:
Using a template can help ensure consistency across different lease renewal agreements you use as a landlord.
