Lease Renewal Notice Template
1. Parties and Leased Asset
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]
2. Current Lease
The parties are currently bound by a lease agreement dated [Original Lease Date], set to expire on [Current Lease End Date].
3. Renewal Offer and 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].
4. 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]
5. 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].
6. Other Amended Terms (If Any)
The following changes will apply during the renewal term:
[Amendment 1]
[Amendment 2]
[Amendment 3]
7. Acceptance and Deadline
Lessee must sign and return this Notice (or the attached renewal agreement) by [Response Deadline] via [Delivery Method].
8. Non-Acceptance and Holdover
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.
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. Move-Out Coordination Table
Task | Target Date | Responsible Party | Location/Method | Notes |
[Move-out inspection] | [MM/DD/YYYY] | [Lessor/Lessee] | [Address] | [__] |
[Key/access return] | [MM/DD/YYYY] | [Lessee] | [Drop-off method] | [__] |
[Utility transfer] | [MM/DD/YYYY] | [Lessee] | [Provider] | [__] |
Task | Target Date | Responsible Party | Location/Method | Notes |
[Move-out inspection] | [MM/DD/YYYY] | [Lessor/Lessee] | [Address] | [__] |
[Key/access return] | [MM/DD/YYYY] | [Lessee] | [Drop-off method] | [__] |
[Utility transfer] | [MM/DD/YYYY] | [Lessee] | [Provider] | [__] |
Task
Target Date
Responsible Party
Location/Method
Notes
[Move-out inspection]
[MM/DD/YYYY]
[Lessor/Lessee]
[Address]
[__]
[Key/access return]
[Lessee]
[Drop-off method]
[Utility transfer]
[Provider]
10. Governing Law
This Notice and any resulting renewal agreement shall be governed by the laws of the State of California.
11. Signatures
Lessor/Agent: ________________________
Name/Title: _____________________________
Date: _________________________________
Lessee: _____________________________
Name: _________________________________
☐ Lessee accepts the renewal as stated
☐ Lessee proposes the following changes: ____________________________
Task | Target Date | Responsible Party | Location/Method | Notes |
[Move-out inspection] | [MM/DD/YYYY] | [Lessor/Lessee] | [Address] | [__] |
[Key/access return] | [MM/DD/YYYY] | [Lessee] | [Drop-off method] | [__] |
[Utility transfer] | [MM/DD/YYYY] | [Lessee] | [Provider] | [__] |