Question

If you have a lease, do you have a negative or positive renewal clause or does your lease automatically turn to a tenancy from period to period?

Please post your answer and reasoning, and a copy the paragraph from your lease to justify your answer. If you do not have a lease, write a contract clause that has positive renewal and post to the discussion board.

Answer 1

At the time of Lease, the Rent Agreement is to be prepare in which some of clauses are mandated:-

(A) :- Registrstion of Agreement

(B) :- Amount of Lease Rent, Security Deposit and other payments

(C) :- Renewal Clause

(D) :- List of Fittings and Fixtures

(E) :- Restriction (Wat not to do till the property is owned by lessee)

As per given question the lease will not turn into tenancy automatically because as per renewal clause in rent agreement lessor and lessee can change some clauses as per mutual discussion. Some of the points are which can they change accordingly:-

(i) :- Lessor or Lessee can increase or decrease the amount of lease according to situation and renegotiation of lease rent.

(ii) :- Lessor can add the additional services provided for ehich he can charge extra payments but it should also approved or benefited by lessee.

(iii) :- Lessor or Lessee can enhance the lease agreement period at the time of renewal of rent agreement.

(iv) :- Lessor and Lessee can increase the rules and regulations which should be follwed by both the parties.

(v) :- Lessor can provide additional benefit to lessee as per the conveniency of lessee.