A lease renewal extends a tenancy into a new term as the current lease nears its end, usually on updated terms — most often a rent change. Renewing keeps a paying tenant in place and avoids the cost and downtime of turning the unit over.
Renewals work best when they start early: offer terms well before expiration so the tenant can decide, and so a vacancy doesn’t catch you flat-footed if they decline. Where required, renewal notices and any rent-increase limits follow state or local rules. Aptoria can prepare a renewal with the new terms and route it for e-signature once you approve it, keeping the paperwork and the ledger in sync.