Don’t wait until the last minute to renew your apartment lease. If you act early, you reduce stress and improve your options to make a lease agreement that meets your needs.
This apartment lease checklist will walk you through the basic steps of renewing a lease.
- Mark your calendar with important dates. First and foremost, you need to know when your lease is up. Take a look at your copy of the apartment lease and note the termination date. Mark this date on your calendar.
- Now read your lease carefully and see when you need to notify your apartment manager of your decision to renew your lease or move out. Do you need to notify them 30 or 60 days in advance? Mark that date on your calendar, as well.
- Talk to your apartment manager. Before the deadline to renew or terminate your lease, talk to your landlord or apartment community manager about your options. If rent rates are changing, you should be informed. If you like your apartment community, but find you need more or less space, inquire whether you can move to a different unit within the community. Ask for any agreements made to be placed in writing. Terms should be reflected in your new lease.
- Make a decision. Once you have all this information gathered, you can make an informed decision about how you want to proceed. Decide whether or not you want to renew your apartment lease.
- Write a letter. Once your rental decision is made, submit a letter to your apartment management team informing them of your decision to renew or terminate your lease. If you have made any special arrangements with your apartment manager for a deal on a rental rate or a move to a new unit in the community, include this information and any supporting documents. Keep a copy of these documents for yourself.
- Read your new lease. If you have decided to renew your lease, you most likely will be asked to sign a new lease. This lease will reflect any change in terms and designate the period of the new agreement (one or two years, or month to month, for instance.) Read the new lease carefully and make sure that you are comfortable with the language.
- Sign your new lease. Once you have thoroughly read the new apartment lease and are comfortable with the terms, sign the document to make things official. An official apartment community representative will sign it, as well.
If you take all the time and steps necessary, apartment lease renewal can be a breeze. At the end of the process, you can rest assured that the apartment lease decision was all yours!
Photo Credit: Shutterstock / Yuri Arcurs