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I Have A Lease Signed For A Stated Time Period Its For 2 -3 Yr Terms At The Renewal After The First Portion Of The Lease It States That The Leasee Has The Option To Renew With A Written Request To Renew. Can The Landlord At That Point Decide To Change His Mind On The Set Terms And Raise The Rent&Switch The Time Period From 3 More Years To A Month To Month? The Lease Has Been Signed By Both Parties! It Clearly States That It Is For 2-3 Year Terms And That The Renewal Of The Lease (The 2nd Half) Will Be The Same As The First. Can He Change His Mind After He Has Already Agreed To These Terms And Signed?

2007-01-28 23:27:29 · 6 answers · asked by Boss At Work And Play 1 in Business & Finance Renting & Real Estate

6 answers

Hi Boss,

Read it carefully. Most commercial leases are renegotiated when the renewal period occurs. Otherwise, if it is to stay the same why have it expire? The function of the expiration period is to give both parties a chance to change the agreement to something that is more agreeable at that time. Remember, this is all negotiable. So come back with your counter offer. Just because he's sent over a typed up lease agreement for you to sign doesn't mean you don't get to negotiate. Cross out what you don't like and change it to closer to what you do want and then sign that and send it to him. He will draw up a new one with his (hopefully) closer to what you want terms and send it back.
If all of this is too challenging as you have a business to run. Call the leasing Agent that got you into the building and see if they can help get you what you want.

Best of luck,

2007-01-28 23:54:00 · answer #1 · answered by Anonymous · 0 0

If a commercial lease provides that the tenant has the right to renew the lease upon sending written notice, then the lease continues for the renewal term at the same terms and conditions as the original lease. If there are to be any changes in the renewal term then those changes must be listed in the original lease.

So if your lease gives you the right to renew and doesn't list any changes (such as increased rent or costs), then the renewal term is the same as the original term.

As long as the lease is signed by both the landlord and tenant then it cannot be changed. It is a contract and is binding on both the landlord and tenant. However if the tenant has violated the terms of the lease then the landlord may have the right to declare the lease null and void. So if you want to keep the premises at the same terms then don't violate the lease!

2007-01-29 00:38:08 · answer #2 · answered by Anonymous · 0 0

The lease can be renewed, but it doesn't state that the terms will stay the same. I think that's where the glitch comes in. If I were you, and it's very important to you, I would take the papers to an attorney ASAP.

Just a note, the Way You Type Is Very Hard To Read...therefore understanding it was also hard. And it probably took you forever! to do it that way...next time easy on the caps...thanks.

2007-01-28 23:52:45 · answer #3 · answered by Barbara 5 · 0 0

The Landlord can chose to renew at whatever new terms IF the renewal rate & terms are not already spelled out in the initial lease.

The best thing to to do to avoid any uncertainty is to state the renewal terms & rate in the initial lease.....

2007-01-29 01:22:57 · answer #4 · answered by boston857 5 · 0 0

Once it is signed along with a witnesses signature no, unless
the apartment or house needs some kind of repair. I lived in an apartment for years and had to go through the same thing. I
fought any unnecessary change (and the landlord had to answer to the Better business bureau.) . I agreed to an increase one time.
When the water heater went bad but not much of an increase.
I would take it to court or threaten to, we have rights too!

2007-01-28 23:47:47 · answer #5 · answered by Williamstown 5 · 0 0

If that lease deed has already Registred means nothing will changed. Or its not Registered means change has possible

2007-01-28 23:32:04 · answer #6 · answered by suresh b 3 · 0 0

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