Renewal Of Residential Rental Agreement

If the current lease is extended by a certain period, enable the first selection of control boxes in „IV. Renewal period. As a result, the terms of the current agreement remain consistent throughout the extension and require the number of „days”, „months” or „years” of the life of this extension, produced on the empty line after the „extension” label. Be sure to activate one of the three control boxes („days”, „months”, or „years”) to indicate the unit of time when discussing the number that has just been reported. The current lease can be renewed, but without a fixed term. In other words, this extension may occur during the „transformation of the lease into a monthly lease”. If this is the case, activate the second checkbox statement in the „IV”. Extension period. Since a monthly agreement can be terminated after consideration, the second renewal option also requires that a predetermined number of days be indicated as the length of time that one party must give to the other as the notice period prior to the termination of the converted agreement. Therefore, if the second option has been selected, the number of „Days` Notice” required by the resilient party must be entered in the specified blank row. Note that if this number of days deviates from the minimum required by the state that frames this extension, the largest of these numbers is used as a minimum number of „days” that must be provided by the resilient party. If neither of the first two options is in „IV.

Extension period”: correctly define the conditions for renewal of the initial lease in question, then activate the third control box in this section (marked by the word „other”). The blank line in this selection is used to establish a direct report or to give the name of an annex characteristic of this extension by title. . . .