12 Month Rental Contract Nearly Over - Renewal Question

[mattk1]

Hi guys,

The contract agreement at my current apartment was 12 months and it is nearly over now but I was wondering what is the standard procedure of renewing it. By that I mean if I want stay do I have to sign another 12 month contract?

I will speak to the landlord on Sunday but I want to be prepared to know where I stand if he says I must sign another 12 month contract.

Cheers,

Matt

[trogers]

Most lease agreements would require the tenant to notify the landlord 30 days before the end of the contract of his intention to extend the lease or not.

Similarly, a landlord would do the same if terms of the lease are to be changed, eg. increasing the rent.

This would allow both parties to prepare for any change.

[giibaht]

Everything is open to negotiation

If it were me, I would try to ask for monthly extensions on the existing terms. Or perhaps quarterly basis. That would give more flexibility to myself if plans change and I want to more out.

[dean008]

I am in a similar position, the tenant has already indicated he wants to stay and to be honest given that he will have been there for 12 months I would be happy to sign a rolling 1 month contract. Better the devil you know than the devil you don't. We both speak English which makes it much much easier

[mattk1]

Hi guys,

Thanks for the very helpful replies.

A one month rolling contract would be ideal as I would like to stay where I am a little bit longer while I look elsewhere but not more than 6 months (probably 2 more max) and certainly not commit to another 12.

Dean008, better the devil you know but do will my landlord think the same.. we shall see

Cheers again!

Matt

[dean008]

no, he will probably want you to sign a 12 month contract but not have the foresight to realise its you (a tried and tested tenant) or an empty condo for 1,2 3 months

[mike324]

most landlord will want you to sign a 1 year contract, if thats what you plan on doing, there should not be any problem other than if landlord wants to increase the price.

[ToddinChonburi]

Yes if you were a good renter and the lanlord does not want to lose you as a tenant he may be willing to lower rent . Hopefully .

[ldnguy]

My landlord let me stay an extra few weeks. We didn't sign a new contract but just agreed by word of mouth.