lease renewals
Started by staci
over 14 years ago
Posts: 10
Member since: Oct 2010
Discussion about
if landlords are not going to give you the option to renew, how far in advance do they need to tell you?
Whenever they choose
but do they have to tell me?
What kind of landlord are we talking about? a big institutional one, a one off landlord, somewhere in between?
Jim's point is that your lease has an end date to it, so neither side has an obligation beyond that. A bigger landlord probably tells you there there's no renewal, a small landlord can be quirky.
i live in a big building with over 200 apartments and they have multiple buildings in city. i have sent an email and called them, i will see that happens on monday.
thanks
staci
Any decent person will give you 2-4 months advance notice of what
they would like to give you time to decide and plan
they just told me they mailed a letter on april 8th that i never received. is it leagally allowed that i have to be out by the end of the month because they are not renewing
Yes of course it's legally allowed.
Most large rental buildings Ive lived in have sent renewal options between 30 to 45 days of expiration.
The risk to yearly renewals is this situation.
Always do homework 2 months before with rental comps for where you live if you don't want to be a slave to their dictated new rental price.
You have to at least act like your willing to move, even if your not.
And you need to be proactive, ask how much the renewal is that they sent that was lost. Don't wait 'til you get it 2 weeks before expiration. Get the actual person's name and deal with them by telephone and follow up in writing by mail or email.
Staci--are they saying the letter they sent did not offer any renewal option?
As far as the legality of the situation is concerned, you can always choose to stay beyond your lease end-date, continuing to pay your current rent. They will begin eviction proceedings against you. An eviction can take literally months to resolve. In this city the courts look very favorably on tenants, so your landlord may have a very difficult time evicting you, especially if they have not given you sufficient notice (document everything!).
Remember, though, that an eviction will remain on your record (even if the court rules in your favor) so it will make things difficult if you plan to purchase at a later date in a co-op, which requires board approval.
By the way, I am NOT an attorney. You may want to consult a lawyer about your specific situation.
Staci,
That's terrible that you never received any potification other than their say. did you ask for a copy of that letter, and ask them why they didn't send it certified?
It's not standard procedure to send renewal letters certified, at least in my experience. Landlords are not required to provide any renewal to market renters. The onus is on the tenant to inquire if they fail to receive a renewal offer.
they agreed to extend my lease for one month with a 500 dollar increase to give me time to look for a new apartment. lnitial letter never came to my building as per my doorman
Had i not approached them I would have thought nothing was going to happen
They must not want you in the building anymore. A month isn't long enough to find an apartment?
too many loose ends here - who takes the doorman's word re the letter and you're considering paying the extra $500?
Why would you want an extension? If you're going to move, do it now. Assuming you have a June 1 end date on your lease, starting a new lease on June 1 is better than July 1 (though they both suck in general). Also, looking for an apt in such a tight timeframe is actually better. You want to do an online search to pick out the 10-20 best, see all the places quickly back-to-back in a few days, put in offers simultaneously, and negotiate simultaneously. At this point in the game, if they don't take you, their place will likely go empty for at least a month. The approach most people take -- start looking early, see a few places each WE -- actually sucks.
extension because i need to time to find a new place...away 3 weekends in may so little time to look.
thanks for all the advice.
exc advice inonada.
inonada
about 22 hours ago
ignore this person
report abuse Why would you want an extension? If you're going to move, do it now. Assuming you have a June 1 end date on your lease, starting a new lease on June 1 is better than July 1 (though they both suck in general). Also, looking for an apt in such a tight timeframe is actually better. You want to do an online search to pick out the 10-20 best, see all the places quickly back-to-back in a few days, put in offers simultaneously, and negotiate simultaneously. At this point in the game, if they don't take you, their place will likely go empty for at least a month. The approach most people take -- start looking early, see a few places each WE -- actually sucks.
you should just hire inonada, he's got a broker's license.