Problem with Lease Agreement

By Sandy

First lease agreement was effective from June 1, 2008 to May 31, 2009.  When should the next lease starts and ends. What is the normally tenure for a lease?

Edited on: Sunday, February 6th, 2011 9:31 pm

One Response to “Problem with Lease Agreement”

My response: (We welcome stories, examples, explanations, answers and a touch of your personality)
 

anoymous

June 16th, 2010 12:38 am

I noticed you haven’t really gotten very many comments to your question,  most likely due to the question you’ve asked.  The answer varies per lease agreement, and per legal statute set by your State.
 
To provide you with a generic answer to your question I will state the following:
1)  Lease Terms:
AUTOMATIC RENEWAL:  Some leases will automatically renew on a year to year basis.  Thus your lease term would automatically extend unless you provided a written termination notice.
AUTOMATIC TERMINATION:  Other leases will clearly end at the end of your lease term thus you would be required to move by the end of your lease date UNLESS management provides you with a written opportunity to renew or extend your current lease.
MONTH TO MONTH:  The most common condition is where the lease automatically goes into a month to month agreement.  This would mean that either party can provide a 30 day written notice to end the agreement.
 
I suggest you check out your lease agreement,  it will answer your questions for you!


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