Happens If Tenancy Agreement Not Renewed

Property ownership regulations vary greatly from place to place, so you want to make sure you`re aware of the ones that apply to you. You are not required to renew a lease unless the rental agreement provides the tenant with a renewal option (never insert into a lease) or anything similar. Many leasing agreements have a clause stating that the lease amounts to a monthly lease at expiration, with no further action. Acceptance of rent after the lease expires confirms a monthly lease. If you send them a notification in which you tell them that you are not extending, there will be no such reversal. Hello Alex, also note that if you do not by agreement with the landlord, you are obliged to pay the rent for the duration of the fixed term, since the lease has not been terminated…