{"id":8900,"date":"2025-05-06T15:41:24","date_gmt":"2025-05-06T15:41:24","guid":{"rendered":"https:\/\/myaiostagingweb.com\/sunworldgroup\/?p=8900"},"modified":"2025-05-06T15:44:19","modified_gmt":"2025-05-06T15:44:19","slug":"landlords-guide-to-lease-renewals","status":"publish","type":"post","link":"https:\/\/myaiostagingweb.com\/sunworldgroup\/2025\/05\/06\/landlords-guide-to-lease-renewals\/","title":{"rendered":"Landlord’s Guide to Lease Renewals"},"content":{"rendered":"\t\t
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Is it time to renew the lease agreement you have with your tenant?\u00a0<\/p>

There are specific steps you\u2019ll need to take when you\u2019re trying to retain tenants and renew your lease. Keeping turnover and vacancy low is an important part of your strategy for increasing Return on Investment (ROI).\u00a0<\/p>

Here\u2019s what we can tell you: state the lease renewal process early and document everything.<\/p>

Timeline for Lease Renewals or Notices to Vacate<\/h4>

Your lease should indicate how much notice a tenant needs to give before vacating the property or renewing the lease. Planning ahead is critical. You don\u2019t want to suddenly realize the lease ends in two days. Set a calendar reminder at least two months out that you\u2019ll need to begin discussions with your existing tenant about whether they mean to stay or leave.<\/p>

Typically, a lease agreement will have a 60-day requirement for notifications. If a tenant plans to move out, you\u2019ll want to be notified in writing 60 days ahead of the end of the lease. If they decide they want to renew, you\u2019ll need to put together a new and updated lease. If there\u2019s lease renewal paperwork required by the HOA or community association, don\u2019t forget to leave time to <\/span>manage that process\u00a0as well.\u00a0<\/span><\/p>

Conduct a Walk-Through Lease Renewal Inspection\u00a0<\/h4>

Do you really want to renew the lease agreement with your current tenant?\u00a0<\/p>

Usually, we recommend you offer a lease renewal to any tenant who is paying rent on time, taking good care of the property, and following the terms of your lease.\u00a0<\/p>

You cannot know what your property looks like unless you get inside. Before agreeing to a lease renewal, perform a full walk-through and inspection. This is your opportunity to check for any deferred <\/span>maintenance issues\u00a0or unreported repairs. If your tenants are taking good care of the home, of course you\u2019ll want them to stay in place for another year.\u00a0<\/span><\/p>

Review and Adjust Your Lease Agreement<\/h4>

Are there any updates you\u2019ll need to make to the lease?\u00a0<\/p>

Your lease agreement is the most important document governing the relationship with your tenant. In your lease, you\u2019ll spell out all of your <\/span>responsibilities and expectations\u00a0for the tenancy.\u00a0<\/span><\/p>

You can most likely keep the new lease similar to what the original lease stated, unless there are new requirements or state and local laws that require certain language or additional disclosures to be included in the agreement.\u00a0<\/p>

Review any updates with your tenants before you send it to them for signature.\u00a0<\/p>

Rental Increases and Lease Renewals\u00a0<\/h4><\/div>
Evaluate the rental market and decide if a rent increase is warranted.\u00a0<\/div>

There is no rent control in Washington State, and rents are fairly high. You want to retain your good tenants, however, so don\u2019t set an unreasonable rental rate which will chase them out.\u00a0<\/p><\/div>\"Rental<\/div><\/div>

Look at market rents and make an increase that reflects what similar properties are renting for. Most tenants expect a rent increase during a lease renewal period.<\/p>

Retaining <\/span>good tenants\u00a0is an important part of your investment strategy. If you\u2019d like further advice about how to manage your lease renewal process, please contact us at SunWorld Group.<\/span><\/p><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

That\u2019s understandable. With the online rental sites and social media platforms available, it\u2019s easier than ever to market and advertise a rental home. But, it\u2019s also crowded. Tenants are scrolling through listing after listing, and it can be difficult to stand out. <\/p>\n","protected":false},"author":1,"featured_media":8902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3,6],"tags":[9,12,13],"class_list":["post-8900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-houses","category-property","tag-architecture","tag-design","tag-interior"],"_links":{"self":[{"href":"https:\/\/myaiostagingweb.com\/sunworldgroup\/wp-json\/wp\/v2\/posts\/8900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myaiostagingweb.com\/sunworldgroup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myaiostagingweb.com\/sunworldgroup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myaiostagingweb.com\/sunworldgroup\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myaiostagingweb.com\/sunworldgroup\/wp-json\/wp\/v2\/comments?post=8900"}],"version-history":[{"count":4,"href":"https:\/\/myaiostagingweb.com\/sunworldgroup\/wp-json\/wp\/v2\/posts\/8900\/revisions"}],"predecessor-version":[{"id":8905,"href":"https:\/\/myaiostagingweb.com\/sunworldgroup\/wp-json\/wp\/v2\/posts\/8900\/revisions\/8905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myaiostagingweb.com\/sunworldgroup\/wp-json\/wp\/v2\/media\/8902"}],"wp:attachment":[{"href":"https:\/\/myaiostagingweb.com\/sunworldgroup\/wp-json\/wp\/v2\/media?parent=8900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myaiostagingweb.com\/sunworldgroup\/wp-json\/wp\/v2\/categories?post=8900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myaiostagingweb.com\/sunworldgroup\/wp-json\/wp\/v2\/tags?post=8900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}