Q: My daughter put in an "intent to renew" form on her apt. The company says the form is a new lease. Is that accurate?
The current lease does not expire until July 31, 2020, but the leasing office is telling her she has to sign. I was the guarantor on the current lease, but have not indicated I plan to again, but they are also telling me I have to sign.
A: Without reviewing the entire lease as to its terms and conditions as well as the rights and obligations of all the parties, I cannot provide an answer. Just so you know, I charge $375 an hour to review leases and provide an opinion.
A:
Without looking at the existing lease, the form for 'intent' and the proposed new lease we can't give a specific answer.
Generally speaking, a 'letter of intent' is not a contract - it's just an indication that someone plans to do something, however if there is no final agreement or circumstances change, both parties can walk away. Also, generally speaking, even if the 'intent form' is more than a simple 'plan to', if you didn't sign it you're not stuck. The real question is what do y'all want to do? Keep the apartment or do something else? There's a lot more to this than your simple question but that is beyond the scope of this forum.
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