Renewal Letter for Lease Agreement Extension
As a lease agreement comes to an end, the landlord has to decide whether he wants to renew the contract or not. Here briefly focus on sample Renewal Letter for Lease Agreement Extension. If you are someone who is subletting a property, at one point sooner or later, your lease agreement will expire. These letters are also known as Agreement Renewal Letter, Lease Renewal letter, Contract extension letter, Contract renewal letter, etc. You need to modify this sample according to your needs.]
Your Full Name…
Address…
Date: DD/MM/YY
To,
Name of the Recipient (Company/Individual)
Address and Zip Code…
Subject: Regarding the renewal of our lease expiring on (Date)
Dear [Name],
Refer to the License Agreement between [Name of the Owner] and [Name of tenant] dated [Date]. The term is set to lapse on [Date]. (Describe in your words). The lease arrangement is open for renewal for a period of [weeks, months, years]. (Describe all about the situation).
We have been extremely happy with our business association and would be interested in offering a renewal of the lease with the updated terms and conditions. (Describe all about your terms and conditions). Kindly confirm in writing to your acceptance or otherwise to this offer of an extension. If you need to go in for further negotiation do highlight the same. (Describe your greetings).
Kindly respond no later than [Date response required by], to ensure continuous service to our tenants.
We look forward to hearing from you.
Yours Sincerely,
(Signature/Stamp as applicable)
Name of the Sender (Company/Individual)
Another format,
Name of Tenant…
Address of Tenant…
DATE: DD/MM/YY
Name of Landlord…
Address of Landlord…
RE: Lease Renewal
Dear (Name of Landlord),
This letter is a formal request to renew the lease on the property at the above address for another year. The lease expires on (Date) and I would like to renew it until (date). (Describe in your words).
I would respectfully request that you not raise my rent of (Money Amount) for the term of the new lease. I hope to have a new job within the next few months. (Describe all about your terms and conditions).
You will also benefit financially because you won’t have to advertise for a tenant, screen and background check tenants or pay agent fees if we move out. (Describe all about the situation). You will also have no vacancy time.
I hope you will favorably consider my request and respond within two weeks. I can be reached at Phone Number or at Email Address if you have any questions. (Describe your greetings and requirements). You may send your acceptance in writing and a new contract lease to the above address.
Sincerely,
Signature of Tenant…
Printed Name of Tenant…
