Know your lease.

At the end of the initial rental term, this agreement shall be automatically renewed on a month-to-month basis under the same terms and conditions unless…: (1) You or We provide the other with a written notice of termination at least 60 days prior to the end of the initial rental term…”

What Does This Mean? Your lease agreement requires that you submit a letter to the rental office stating when you will be moving out, at least two months before your lease expires.  If you don’t get that notice letter submitted in time, it means you will be paying an extra months’ rent at the month-to-month rate of $799, in order to fulfil your notice obligation!  You should submit your notice to vacate letter about the same time that you receive your 1st renewal offer letter.

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Posted on November 3, 2015, in Uncategorized. Bookmark the permalink. Leave a comment.

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