When your lease expires,it is you to decide if you want to renew the lease. Some cities and states have restrictions on how you arrive to this decision, but the final decision is yours. Whichever decision you make, you should know about lease renewal notice sand how to apply them.
The documents communicate your intentions to the tenant to make sure that both entities are equally notifies, and they must be delivered within a reasonable notice.
What is a Lease Renewal Period?
This is the time frame before expiry of a lease that a tenant or a landlord must notify the other party if they won’t renew the lease. The period for renewing the lease should be clearly stated in the lease, but it is often stipulated by state law. Each state has its own guidelines on the contents of a lease renewal notice, the period of sending the notice, and the person to receive a notice.
If you fail to send the renewal notice on time, you may have to repeat the process for it to be legal.This can slow down you business, therefore you should send out a notice to terminate a month to month lease in Florida on time.
The Basics of Lease Renewal Notices
Although you might beware of the requirement to issue a lease renewal notice to your tenant, you may not know the required content in the notices.
Here are the basic features of a lease renewal notice:
· Date of sending the letter
· Tenant names and property address
· Whether you will renew the lease or not
· Contact details of the landlord or property manager if you have questions
Additional information should be provided to the tenant whether or not you will renew the lease.
· If you will not renew the lease, indicate the expected date of vacating by the tenant
· If you will renew the lease, indicate updated lease terms and set a meeting to sign and discuss the new lease
· If you will allow the rent to expire and turn it into a month to month lease,explain it to the tenant.
Does a Landlord need a Reason for not Renewing a Lease?
In Florida, the landlord is not obligated to explain his reasons for not renewing a lease. The same applies to the tenant if they decide to move out.
How Much Notice can a Landlord Issue When not Renewing a Lease?
The period should be indicated in the lease agreement. If it is missing, you should refer to Florida law; most states require a 60-day notice.
If you need to give Notice to Terminate a Month to Month Lease in Florida or another type of lease, contact the Law Office of Brian P. Kowal , PA at (954) 990-7552.
