Workflow Templates: Lease Renewal Checklist

Check the current lease agreement for the expiration date

Review the terms and conditions, including rent increase clauses

Assess whether any amendments or updates to the lease are necessary

Notify the tenant about the upcoming lease expiration

Discuss any potential changes or updates to the lease terms

Provide the tenant with renewal options and incentives if applicable

Evaluate market rent rates and compare with current lease terms

Calculate the potential rent increase and its impact on the tenant

Consider any maintenance or upgrade costs before setting new rent prices

Schedule a property inspection to assess its condition

Identify any repairs or improvements needed before the new lease term

Document inspection findings and address any issues promptly

Prepare the lease renewal agreement including any changes in terms

Ensure all legal requirements are met in the lease documentation

Obtain signatures from the tenant and property manager/owner on the renewal agreement

Update the tenant's file with the new lease agreement

Record any changes in rent or terms in the property management system

File all related communication with the tenant regarding lease renewal

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Lease Renewal Checklist