[The lease extension is the legal rental agreement’s extension. Make certain that the agreement includes important details such as the parties’ names, extension dates (beginning and ending), a reference if an earlier agreement is being extended, and so on. When the lease is about to expire, the tenant and the landlord execute an extension letter. The landlord receives a premium, which is calculated in accordance with the relevant act. It should be noted that lease payments are not covered by lease agreements.]
From,
Sender/Your Name…
Home/Office address…
Date: DD/MM/YY (Date on Which Letter is Written)
To,
Receiver Name…
Home/Office address…
Subject: Lease Extension Letter
Dear (Sir or Madam),
This letter is a formal request to renew the existing lease on the property at the (full address) for another (Number of years) years. (Describe in your words). The lease on my premise expires on the (Date of expiration of the lease), and I would like to renew it until (Renewal of the lease date). (Explain all about the situation).
I would respectfully request that you not raise my rent of (Amount of Rent) for the term of the new lease, as (State the reason you wish for a renewal). (Explain actual problem and situation). I hope you understand my condition and consider my request. (Focus on terms and conditions). This gives you a financial benefit because there is no need for you to advertise for tenant, background check, or screen.
I hope you will favorably consider my request and respond within (Expectation of response – duration). (Express your recommendation). I can be reached at (Contact Number) or at my email (Email Id), in case you have any questions. (Cordially describe your greetings and recommendation). You can send your acceptance in writing and a new contract lease to the above address.
Thanking You,
Yours truly,
Name and Signature…
Contact info…
