Sample Letter Extension Of Tenancy Agreement

This letter can also be written by the landlord to his tenant if he wants the tenant to continue to use his land. This usually occurs when the tenant is on time to pay the rent and has complied with all the terms of the contract since the contract was concluded. If the landlord cannot pay off part of the rent as mentioned above, a third option is to apply for payment leave in your letter to the lessor to renew a tenancy agreement. In this case, there would be no rent for a fixed period and the tenancy agreement will be extended accordingly. As this letter is usually written by tenants, we will see all the reasons why the tenant writes this letter: business letters are generally more formal and are often sent to people we do not know. They must set the right tone, whether it is authority, disagreement, satisfaction or gratitude. I would like to propose an extension of the lease for an additional year until DATE without a rent increase. This letter can become complex if it is not written with many important aspects of the lease in mind. Here, we will draw each tenant`s attention to some things to consider when applying for an extension: you would choose one of the options (A or B or C or D) in our sample letter below. Note that you don`t need to accept your landlord`s first response if it doesn`t relieve your financial situation. Get back in touch with the owner and negotiate the option you requested first or offer one of the other options.

If a tenant needs rent relief for a relatively short period of time, the landlord can accept the rental deposit instead of the rent. There must be a clear understanding that at the end of the tenancy period, the tenant is not entitled to a refund (or a reduced amount). An endorsement of the lease must register this agreement. A deposit is there to protect the owner. Where possible, it may be expected that the deposit will be “rebuilt” if the tenant`s financial situation improves.