Q: Lease states tenants will have the option to rent a second year at same rate and terms.Do I have to renew their lease?
term of the rental will begin on April 1st, 2014, and end on March 31st, 2015. If Tenant vacates before the term ends, Tenant will be liable for the balance of the rent for the remainder of the term. Tenant has the option to rent for a second year at the same monthly rental amount under same terms of this agreement."
Does that require me to give them another lease term? Or does it mean if I offer them another term, it will be at the same monthly amount and terms?
A:
Looks like you're on the line if they want to stay. That is, unless they violate some other term of their lease agreement.
...why would you use such a horrible contract? Please have an attorney draft you a new lease agreement so you don't run into this situation again.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
