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What’s The Process Of Lease Renewals?

Generally, lease renewals are handled by our sending an invitation to renew, which leads to a new/renewed lease agreement upon mutual interest and agreement to terms.

Each month we review the list of upcoming lease expirations for properties we manage. We look at the current rental rate and compare it to the current market rent rate. We also look at tenant payment history and the communication/repair history of each tenant.Positive factors in our assessment, may include a consistent timely payment history, consideration and care of the premises, and general compliance and observation of lease terms. Negative factors might include violation letters from HOA, complaints from neighbors, and the reasons behind repair requests.

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