{"id":2548,"date":"2021-08-08T13:51:37","date_gmt":"2021-08-08T13:51:37","guid":{"rendered":"https:\/\/www.propertypistol.com\/blog\/?p=2548"},"modified":"2021-08-09T06:39:49","modified_gmt":"2021-08-09T06:39:49","slug":"are-you-planning-to-renew-your-lease-consider-these-points","status":"publish","type":"post","link":"https:\/\/www.propertypistol.com\/blog\/are-you-planning-to-renew-your-lease-consider-these-points\/","title":{"rendered":"Are you planning to renew your lease? Consider these points"},"content":{"rendered":"\n<p><em>Would you like to renew the <a href=\"https:\/\/www.propertypistol.com\/blog\/lease-vs-rent-which-one-to-choose\/\">Lease of your apartment or home<\/a>? Alright! Then here is something for you.<\/em><\/p>\n\n\n\n<!--more-->\n\n\n\n<p>A <a href=\"https:\/\/propertypistol.com\/\">real estate portal<\/a> states that you must take certain factors into account before signing the document. Let us know! Keeping these factors in mind while you renew your lease is a good idea.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.propertypistol.com\/blog\/are-you-planning-to-renew-your-lease-consider-these-points\/#Ensure_that_you_follow_the_down_renewal_conditions\" title=\"Ensure that you follow the down renewal conditions&nbsp;\">Ensure that you follow the down renewal conditions&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.propertypistol.com\/blog\/are-you-planning-to-renew-your-lease-consider-these-points\/#Be_sure_to_check_the_payment_method_and_cost\" title=\"Be sure to check the payment\nmethod and cost.\">Be sure to check the payment\nmethod and cost.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.propertypistol.com\/blog\/are-you-planning-to-renew-your-lease-consider-these-points\/#Review_the_other_requirements_before_renewing_your_lease\" title=\"Review the\nother requirements before renewing your lease&nbsp;\">Review the\nother requirements before renewing your lease&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ensure_that_you_follow_the_down_renewal_conditions\"><\/span><strong>Ensure that you follow the down renewal conditions&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>During the term of a <a href=\"https:\/\/www.propertypistol.com\/blog\/freehold-or-leasehold-property-the-difference-you-should-know\/\">lease<\/a>, you and your landlord have certain rights and obligations.\u00a0<\/p>\n\n\n\n<p><strong>In that case, as a <a href=\"https:\/\/propertypistol.com\/rent\">tenant<\/a>, ensure that:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>You have complied with the clauses<\/li><li>Paying your <a href=\"https:\/\/www.propertypistol.com\/blog\/tips-to-select-the-best-rental-property\/\">rent<\/a> and services on time is a good trait<\/li><li>Maintain the property in good condition<\/li><li>Keeping good relations with your <a href=\"https:\/\/www.propertypistol.com\/blog\/10-best-decorating-hacks-your-landlord-will-approve\/\">landlord<\/a> is important.<\/li><\/ul>\n\n\n\n<p><strong>Your landlord or landlady\nmust:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Ensure that your property payments are up to date<\/li><li>Be aware of hidden defects in the property<\/li><li>While the contract is in effect, you should not interfere with the use of the property<\/li><li>You must pay for any damages you have caused or any repairs you have made, as stipulated in the contract<\/li><\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Be_sure_to_check_the_payment_method_and_cost\"><\/span><strong>Be sure to check the payment\nmethod and cost<\/strong>.<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Every year, rent prices\ncontinue to rise. Right! Some believe that Realistic and prudent is the key to\nthis hike. An analyst at Propiedades.com notes that the increase must\ncorrespond to inflation. Thus, you should check the amount they charge you\nbefore renewing your contract. In addition, you should consider the maintenance\ncosts.<\/p>\n\n\n\n<p>Another factor you need to\ntake into account is your deposit. It would be best if you kept in mind that the\nsecurity deposit will serve to pay for any damages or debts when you leave the\nproperty. Also, you need to ensure that the contract states the amount, term,\nand location of rent payments.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Review_the_other_requirements_before_renewing_your_lease\"><\/span>Review the\nother requirements before renewing your lease&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>You may be renewing your\ncontract for the fifth time. However, you and your landlord should put the same\nimportance on it as they did at the opening. In other words:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Make sure your ID is valid<\/li><li>Provide a copy of  your bank statement or proof of income<\/li><li>Check for endorsements<\/li><\/ul>\n\n\n\n<p>To conclude, however, you should remember that a lease generally\nlasts for one year. So be sure it is for the same period.<\/p>\n\n\n\n<p>Thus, you and your landlord must give advance notice of your intentions and dates for terminating the lease. If not, the lease agreement may not comply with the two parties.<\/p>\n\n\n\n<p style=\"font-size:12px\"><em><strong>Disclaimer:&nbsp;<\/strong>The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information<\/em>.\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Would you like to renew the Lease of your apartment or home? Alright! Then here is something for you.<\/p>\n","protected":false},"author":2,"featured_media":2116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[69],"tags":[124],"class_list":["post-2548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-realty-guide-news","tag-rental","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Are you planning to renew your lease? 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