Sentences with phrase «to renew the lease»

"To renew the lease" means to extend or continue renting a property for a specific period of time after the original lease agreement has expired. Full definition
Last year we didn't renew the lease for the tenant upstairs and we've now built more classrooms upstairs.
Ultimately, the cable company did not renew the lease.
You'll have to update the terms of your lease to match the loan term and ensure that you have the choice to renew your lease on a yearly basis.
That means renewing leases at full market when they expire.
Last year a company I've worked with on a number of legal matters signed an agreement to renew its lease in a small shopping center.
The most important benefit of renewing a lease is it eliminates the cost of finding a new tenant.
I appreciate that he keeps the rental in good condition, which in turn makes me more likely to want to renew my lease again the next year.
With sales crumbling, the company stopped renewing leases.
For instance, you'll want to determine whether or not the land - owner will more than likely renew the lease once the term expires?
However, at the end of your lease, he's under no obligation to renew that lease under the current terms and conditions, nor even at all.
You can also use this opportunity to give them an incentive to renew their lease early.
Many of the markets seeing the largest hikes for renters renewing their leases are, not surprisingly, markets where new - lease rent growth is also high.
Or your landlord renewed your lease — at double the rent.
That's a full two percentage points higher than the 3.6 % increase for renewed leases within that same time period.
Its a rental house that we've been in for over 2 years and it looks like we need to renew our lease yet again.
The higher a tenant's Z Score, the more likely the potential tenant will not only pay on time, but honour and even renew their lease.
Home ownership also provides an extremely valuable call option, the right to renew the lease indefinitely.
The lack of a registered renewed lease contract prevents an entity from submitting an application for a new licence.
You charge a management fee, you charge a leasing fee, a renewal fee, then let software renew leases for you.
If you are a renter — renew your lease now or looking into purchasing your own home.
If they do decide renew their lease, you don't want to have things get off to an uncomfortable start with simmering resentment.
Many have been able to renew leases at high rates.
And if they don't get the insurance, I'll throw it in as a bonus when it's time to renew the lease with an increase in rent.
A few years ago, we had about 10 section 8 tenants, now, we are down to 2 and seriously considering not renewing their leases.
However, at the end of your lease, he's under no obligation to renew that lease under the current terms and conditions, nor even at all.
It's also difficult for many would - be homeowners to qualify for a mortgage, which will also help keep renters renewing their leases.
If you do so, hopefully they will renew the lease for longer when it ends.
Landlords should weigh pros and cons when renewing a lease.
The main risk for Gladstone is Citrix deciding not to renew the lease as part of a restructuring and / or downsizing.
Those REITs will enjoy big rent increases as tenants renew leases or execute new agreements.
That lease would have expired years ago, and with it, the obligation embodied in the agreement; the landlord presumably renewed the lease without a co-signer, in subsequent years.
Renters can save thousands of dollars by renewing a lease instead of moving to a new rental, according to a recently released analysis by Zillow — a golden opportunity to put savings toward a down payment on a home.
Rodriguez, who came before the Community Board 12's business committee in January, said the landord, Benenson Capital Partners, LLC, wasn't interested in renewing the lease because «they already had someone that was going to pay them a lot more money.»
Over the course of the campaign, a total of 780 leases were signed, setting the portfolio 40 % ahead in renewed leases from the previous year and 76 % ahead in new leases, which significantly surpassed the campaign goal of being 100 leases ahead.
By being aware whether or not tenants can continuously afford both the rent and their lifestyle, it is easier for landlords to make informed decisions about renewing leases, or if it comes to it, making sure they serve notice accordingly.
But tenants who renew leases typically only need minor improvements to their space, such as new carpeting.
Automatically renewing leases signed by your spouse.
It did not seem to make sense to me that a co-signer could potentially be held perpetually captive if a person were to continually renew a lease.
• Space for Prime Finance Partners, a private commercial real estate finance company, which renewed its lease at 233 N. Michigan.
But their business arrangement stipulates they can only renew the lease on the common premises as the «tenant,» which is both of their professional corporations together.
The chain, which recently renewed its lease on the theater, has also held onto it so no competitors can come in and take over, the town officials told Business Insider — leaving Celebration residents and those in neighboring areas with the AMC in Disney Springs as the closest option for seeing a movie.
Prudential Financial - owned investment firm Jennison Associates renewed its lease for 146,000 square feet and added 20,000 square feet.
A chastened Democrat renewed his lease on the White House, humbled Republicans retained their grip on Congress, and a majority of voters stayed home on election day.
The year before that, he was one of only two members to vote against a bill letting Cheektowaga renew the lease for a golf course on a town park.
The health insurance and retirement fund provider renewed its lease and took additional space for a 15 - year term.
«I am delighted to see Barnes & Noble renew their lease and stay in The Bronx.
It also features some items of local interest, including renovation funding for Ralph Wilson Stadium as part of the Buffalo Bills renewed lease with Erie County.
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