Lease Renewal

Lease renewal is the process of extending an existing rental agreement between a tenant and landlord beyond its original end date. Typically, both parties agree to continue the tenancy under similar or updated terms, such as rent or duration. Renewal can be initiated by either party and may involve negotiation. It ensures the tenant can stay in the property without needing to move, while the landlord maintains a consistent tenant. Once agreed upon, a new lease or an extension adds clarity and legal protection for both sides.