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What Should I Know About My Lease and Automatic Renewal Clauses?

Most leases have an AUTOMATIC RENEWAL CLAUSE inserted in them. This means that if you DO NOT NOTIFY MANAGEMENT you are not going to renew your lease, then your lease is AUTOMATICALLY RENEWED for another term (usually a year).

MOST CLAUSES REQUIRE NOTIFICATION IN WRITING!!!

MOST CLAUSES REQUIRE NOTIFICATION WITH SPECIFIC TIME PERIODS!! In other words, your lease may say that you have to write them a letter and let management know you are not renewing your lease 60 days or so in ADVANCE OF THE END OF THE LEASE.

READ YOUR LEASE AGREEMENT! READ IT AGAIN! If you need help you can call the office and we can make reasonable arrangements to help you understand your lease.

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