Lease Renewals

Happy Anniversary!

Your lease end date is nearing, we hope you choose to stay at least another year.

How it Works:

NOTICE TO END LEASE AGREEMENT

Either Party may end this Lease at the end of the original term or any renewal term by written notice. Landlord or Resident must give this written notice at least sixty (60) days (Notice starts at the beginning of the next month) before the date of the end of the lease. This Lease will automatically renew for a twelve (12) month term if neither party ends the Lease at the end of the original term or the end of any renewal term (and if Landlord does not send a renewal notice). This Lease will renew on the terms in Landlord’s renewal notice if Resident does not send notice ending Lease.

CHANGE IN RENT OR OTHER TERMS OF THE LEASE AGREEMENT

At least sixty (60) days before the Lease Agreement is over the Landlord may notify the Resident in writing of any changes in rent or changes of any other terms of the new Lease Agreement. The Resident must then notify the Landlord in writing within thirty (30) days if the Resident rejects these changes and therefore desires to terminate the Lease. If the Resident does not respond to Landlord’s changes, the changes will become part of this Lease amending it to the extent the terms are inconsistent with the present lease. If this Lease is ended and Resident does not vacate on the ending date, Resident must pay $50 per a day – hold over fee, on the condition that the apartment wasn’t re-rented.

OPTION FOR RENEWAL ON A 2-MONTH TO 2-MONTH BASIS

Leases will renew every twelve (12) months. Following the expiration of the original term of this Lease Residents may choose a 2month-to-2month Lease. For the 2month-to-2month option there is an additional monthly charge specified in the actual lease renewal. Resident is to notify Landlord, in writing that Resident will choose the 2month-to 2month renewal. To end a 2month-to-2month Lease, either Resident or Landlord must give the other party at least sixty (60) days’ notice, in writing, to vacate before the end of the Lease Agreement.

FEES FOR BREAKING THIS LEASE

A Resident who chooses to renew the Lease for another full term is permitted to break the Lease only if all the following conditions have been met:
1. Resident has lived in the unit for over one year.
2. Notice to vacate must be, in writing, at least sixty (60) days before the date Resident wishes to vacate.
3. An additional charge of two month’s rent will be charged as a reimbursement for the costs incurred in administration, apartment preparation and/or releasing costs as per the lease agreement.

**Remember, if you recommend your building to a friend and your friend leases a unit you will receive $250.00 off the first month of your new lease. Ask us for more information.

We look forward to the opportunity to serve you for another year. If you have any questions concerning renewing your lease, feel free to give us a call at 484-494-2683 or email us at info@primaveracommunities.com