Lease Renewal Notice Template
1. Renewal Decision Summary
Notice Date: [Date]
Current Lease End Date: [Current Lease End Date]
Response Deadline: [Response Deadline]
Proposed Renewal Term: [X months/years] from [New Term Start Date] to [New Term End Date]
2. Parties and Leased Asset
Lessor: [Lessor/Company Name], [Address], [Email], [Phone]
Lessee: [Lessee Name], [Address], [Email], [Phone]
Leased Asset: [Description of Leased Property, Equipment, or Vehicle]
Original Lease Date: [Original Lease Date]
3. Payment Terms
Amount: [New Rent/Lease Payment Amount]
Frequency: [Monthly/Quarterly/Other]
Due Date: [Day of each period]
4. Deposit Status
Current Deposit: [Deposit Amount]
Deposit Adjustment (if any): [Adjustment Amount] due by [Date]
5. Amended Terms (If Any)
The following changes will apply during the renewal term:
[Amendment 1]
[Amendment 2]
[Amendment 3]
6. Acceptance Method
Lessee must sign and return this Notice (or the attached renewal agreement) by [Response Deadline] via [Delivery Method].
7. 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.
8. Renewal Decision Timeline Table
Milestone | Date | Owner | Delivery/Location | Reference ID |
Notice Issued | [MM/DD/YYYY] | [Lessor/Agent] | [Email/Mail/Portal] | [Ref ID] |
Tenant Response Due | [MM/DD/YYYY] | [Lessee] | [Email/Mail/Portal] | [Ref ID] |
Renewal Term Starts | [MM/DD/YYYY] | [Both] | [Property/Asset] | [Ref ID] |
Milestone | Date | Owner | Delivery/Location | Reference ID |
Notice Issued | [MM/DD/YYYY] | [Lessor/Agent] | [Email/Mail/Portal] | [Ref ID] |
Tenant Response Due | [MM/DD/YYYY] | [Lessee] | [Email/Mail/Portal] | [Ref ID] |
Renewal Term Starts | [MM/DD/YYYY] | [Both] | [Property/Asset] | [Ref ID] |
Milestone
Date
Owner
Delivery/Location
Reference ID
Notice Issued
[MM/DD/YYYY]
[Lessor/Agent]
[Email/Mail/Portal]
[Ref ID]
Tenant Response Due
[Lessee]
Renewal Term Starts
[Both]
[Property/Asset]
9. Governing Law
This Notice and any resulting renewal agreement shall be governed by the laws of the State of New York.
10. Signatures
Lessor/Agent: ________________________ Date: ___________________
Name/Title: _____________________________
Lessee: _____________________________ Date: ___________________
Name: _________________________________
☐ Lessee accepts the renewal as stated
☐ Lessee proposes the following changes: ____________________________
Milestone | Date | Owner | Delivery/Location | Reference ID |
Notice Issued | [MM/DD/YYYY] | [Lessor/Agent] | [Email/Mail/Portal] | [Ref ID] |
Tenant Response Due | [MM/DD/YYYY] | [Lessee] | [Email/Mail/Portal] | [Ref ID] |
Renewal Term Starts | [MM/DD/YYYY] | [Both] | [Property/Asset] | [Ref ID] |