mattk1 Posted January 13, 2015 Share Posted January 13, 2015 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 Link to comment Share on other sites More sharing options...
trogers Posted January 13, 2015 Share Posted January 13, 2015 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. 1 Link to comment Share on other sites More sharing options...
giibaht Posted January 14, 2015 Share Posted January 14, 2015 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. 1 Link to comment Share on other sites More sharing options...
dean008 Posted January 14, 2015 Share Posted January 14, 2015 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 1 Link to comment Share on other sites More sharing options...
mattk1 Posted January 14, 2015 Author Share Posted January 14, 2015 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 Link to comment Share on other sites More sharing options...
dean008 Posted January 14, 2015 Share Posted January 14, 2015 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 1 Link to comment Share on other sites More sharing options...
mike324 Posted January 15, 2015 Share Posted January 15, 2015 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. 1 Link to comment Share on other sites More sharing options...
ToddinChonburi Posted January 16, 2015 Share Posted January 16, 2015 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 . 1 Link to comment Share on other sites More sharing options...
ldnguy Posted January 16, 2015 Share Posted January 16, 2015 My landlord let me stay an extra few weeks. We didn't sign a new contract but just agreed by word of mouth. 1 Link to comment Share on other sites More sharing options...
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