When you've scored the perfect apartment in your ideal location, you won't be eager to let your lease end any time soon. Overlooking lease renewals is a fast track to the headache that is apartment hunting. With these quick and easy tips, you'll be on your way to another year of living in your space:
Check Your Lease Start by determining when your lease officially comes to an end. In most cases, you'll need to give your landlord at least 30-60 days of notice about your plans to either renew or move on from your lease. Make your decision well in advance to ensure your plans align with your landlord's. Understand Your Terms Some landlords expect lease renewals of at least one year. Others may only require a month to month commitment. Make sure you understand the terms of your lease renewal before signing. If you have plans to move from the area in the foreseeable future, you'll want to ensure your lease won't be holding you back. Ask Questions Leases often rely on technical terms and real estate jargon to outline policies and procedures. If you're unsure how what any of the lease language refers to, don't be afraid to ask the property manager or your landlord for clarification. By renewing your lease, you're signing a contract that you'll be legally held to - don't risk your future by failing to ask questions now. -- Scott Safadi, Cal Bay Property Management
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AuthorScott Safadi leverages extensive experience in the real estate industry to serve as the CEO of Cal Bay Property Management (CBPM), which he founded in Palo Alto, California. Archives
January 2020
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