The lease extension is the extension of the legal rental agreement. Make certain that the deal includes some essential aspects such as the name of the parties, extension date (beginning and ending), reference if the earlier agreement is extending, etc. Note that the lease payments do not fall under the lease agreements.
The extension letter is executed between the tenant and the landlord at the time the lease is about to expire. The landlord is given a premium, but that is calculated according to the relevant act.
Other than this, there is one more situation where extending your lease letter can be executed, and that is in case a consumer is leasing the vehicle from the dealership and decides to rent the vehicle. Consider the template and sample letter below to write an appropriate one.
Table of Contents
Tips To Write a Lease Extension (Relocation) Letter:
- The extension time should be mentioned in the letter. For instance, the tenant wants to extend the lease for another year. It could be extended for more also, Thus, specifying the exact time is advised.
- The letter should state the name, address and contact details of the tenant and the landlord.
- The letter must mention the reason for an extension as it can be anything such as relocation etc.
- In case the tenant is asking you for special consideration, make certain he or she is kind and polite.
- One of the most important things that you need to keep in mind is that the letter should be written at least a month before expiry. It is advised to write a letter 60 days prior so that in case there are any significant changes in the lease; it can be done.
Lease Extension (Relocation) Letter Template
Use our free Letter to help you get started
From,
__________
__________
__________
__________
Date: _____ (Date on Which Letter is Written)
To,
__________
__________
__________
__________
Subject: Lease Extension (Relocation) Letter
Dear _____(Sir or Madam),
This letter is a formal request to renew the existing lease on the property at the _________ (Above address) for another _____ (Number of years) years. The lease on my premise expires on the _______________ (Date of expiration of the lease), and I would like to renew it until _________________ (Renewal of the lease date).
I would respectfully request that you not raise my rent of ________________ (Amount of Rent) for the term of the new lease, as _______________________________ (State the reason you wish for a renewal). I hope you understand my condition and consider my request. This gives you a financial benefit because there is no need for you to advertise for tenant, background check or screen.
I hope you will favorably consider my request and respond within __________________ (Expectation of response – duration). I can be reached at _______________________ (Contact Number) or at my email ______________________ (Email Id), in case you have any questions. You can send your acceptance in writing and a new contract lease to the above address.
Thanking You,
Yours truly,
Name and Signature.
Sample Letter
From,
Govind Murthy,
22/B Highland Park,
Pune, India.
Date: 5th January 2012.
To,
Anand Mahajan,
Mumbai, India.
Subject: Lease Extension (Relocation) Letter
Dear Mr Mahajan,
This letter is a formal request to renew the lease on the property at the above address for another three years. The lease on my premise expires on the 31st of March 2012, and I would like to renew it until 31st March, 2015.
I would respectfully request that you not raise my rent of 30K for the term of the new lease, as I am financially down since my son has gone to Cambridge for Higher Education and he will require enough financial support from my end. I hope you understand my condition and consider my request. This gives you an economic benefit because there is no need for you to advertise for the tenant, background check or screen.
I hope you will consider my request and respond within two weeks. I can be reached at 9322467800 or my email govindtrinity@gmail.com in case you have any questions. You can send your acceptance in writing and a new contract lease to the above address.
Yours sincerely,
Govind Murthy,
Pune, India.
Email Format
The following is the Email Format that should be followed while writing a Lease Extension (Relocation) Letter.
To: name@email.com
From: name@email.com
Subject: Lease Extension (Relocation) Letter.
Dear Mr Mahajan,
This letter is a formal request to renew the lease on the property at the above address for another three years. The lease on my premise expires on the 31st of March 2012, and I would like to renew it until 31st March, 2015.
I would respectfully request that you not raise my rent of 30K for the term of the new lease, as I am financially down since my son has gone to Cambridge for Higher Education and he will require enough financial support from my end. I hope you understand my condition and consider my request. This gives you an economic benefit because there is no need for you to advertise for the tenant, background check or screen.
I hope you will consider my request and respond within two weeks. I can be reached at _____________ or at my email ________________ in case you have any questions. You can send your acceptance in writing and a new contract lease to the above address.
Yours sincerely,
____________
______________.