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Lease Renewal Notice
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Lease Renewal Notice
This Lease Renewal Notice (“Notice”) is issued on [Date], by and between:
Lessor: [Lessor/Company Name], [Address], [Email], [Phone]
Lessee: [Lessee Name], [Address], [Email], [Phone]
Leased Asset: [Description of Leased Property, Equipment, or Vehicle]
1. Current Lease
The parties are currently bound by a lease agreement dated [Original Lease Date], set to expire on [Current Lease End Date].
2. Renewal Term
Lessor offers to renew the lease for a term of [X months/years], commencing on [New Term Start Date] and ending on [New Term End Date].
3. Payment Terms
During the renewal term, the payment obligations will be:
Amount: [New Rent/Lease Payment Amount]
Frequency: [Monthly/Quarterly/Other]
Due Date: [Day of each period]
4. Security Deposit
The current deposit of [Deposit Amount] will remain in effect. If an adjustment is required, Lessee agrees to provide the difference of [Adjustment Amount] by [Date].
5. Other Amended Terms (If Any)
The following changes will apply during the renewal term:
[Amendment 1]
[Amendment 2]
[Amendment 3]
6. Acceptance and Deadline
Lessee must sign and return this Notice (or the attached renewal agreement) by [Response Deadline] via [delivery method: email, mail, tenant portal, etc.].
7. Non-Acceptance
If Lessee does not respond by the deadline, the lease will expire on [Current Lease End Date], and Lessee must return or vacate the leased asset in accordance with the original lease terms and applicable law.
8. Holdover Terms
If Lessee continues possession after expiration without a signed renewal, the arrangement will default to holdover status under the lease and applicable law, which may include higher month-to-month rates or additional charges.
9. Governing Law
This Notice and any resulting renewal agreement shall be governed by the laws of the State/Province of [Jurisdiction].
10. Signatures
Lessor/Agent: ________________________
Name/Title: _____________________________
Date: _________________________________
Lessee: _____________________________
Name: _________________________________
Date: _________________________________
☐ Lessee accepts the renewal as stated
☐ Lessee proposes the following changes: ____________________________
Details
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Lease Renewal Notice
LEASE RENEWAL NOTICE FAQ
What is a Lease Renewal Notice?
A Lease Renewal Notice is a formal written communication from a lessor (landlord or asset owner) to a lessee (tenant or renter) proposing to extend the existing lease for an additional period. It outlines the renewal term and highlights any modifications to the original agreement, such as rent, payment schedule, or other key conditions.
Why is a Lease Renewal Notice important?
It creates a clear record of the renewal offer, ensuring that both parties understand the proposed terms and deadlines. A proper notice helps avoid disputes, keeps the lease in compliance with legal or contractual notice requirements, and provides the tenant with sufficient time to decide whether to continue under the revised terms.
When should you use a Lease Renewal Notice?
A Lease Renewal Notice should be issued before the lease expires—commonly 30 to 90 days in advance—depending on what the original lease or local law requires. This timeframe gives the lessee adequate opportunity to accept, negotiate new terms, or make alternative arrangements if they choose not to renew.
What should a Lease Renewal Notice include?
It should clearly identify the leased property or asset, reference the original lease agreement, and specify the proposed renewal term. The notice should also include any updated rent or payment details, modified conditions, the deadline for acceptance, and signature lines or acknowledgment for both parties to confirm the renewal.
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