So you’ve landed the perfect apartment with an ideal location and the interior finishes you love. Don’t lose it by forgetting about lease renewal! Otherwise you could be repeating that arduous process of apartment hunting all over again. But not to worry. We’ve got six simple steps to make sure you renew your apartment lease correctly and on time.
Note when your apartment lease ends
This may seem like a no-brainer, but life gets busy. If you haven’t already done so, check your apartment lease agreement for the termination date of your rental. Then put a calendar notification on your computer or phone, so you remember to renew your lease before that deadline.
Know the terms of your apartment lease
Don’t forget to read the fine print in that lease agreement. If you want to renew (or terminate) your lease, you’ll likely need to give your landlord 30 to 60 days’ notice.
Negotiate for better terms
Landlords like having good tenants, and if you’re one of them (i.e., you don’t commit any noise or property violations, treat your apartment with care and always pay your rent on time), chances are your landlord would rather keep you as a tenant than have to go find a new one. Use your good reputation to your advantage. You might be able to negotiate a lower rental rate, avoid rate increases or obtain more flexible leasing terms.
Be prepared for another credit check
If you’ve always paid your rent on time, you may not need to worry about your landlord checking your credit when you renew your apartment lease. However, if you’ve missed a couple of payment deadlines, realize your landlord may pull your credit again, so be sure it’s in good shape before you write that lease renewal letter.
See if online lease renewal is available
Whether you have a hectic work schedule that prevents you from seeing your landlord in person or you just find it easier to do so, check to see if your apartment rental company offers lease renewal online. Irvine Company, for example, has recently instituted online lease renewal options.
Whether you’re looking to stay in your apartment a few more months or another year, make sure you know your lease terms and when you need to renew. Abiding by your rental agreement will ensure you keep that perfect apartment a little longer, and being prompt in your lease renewal will ensure you avoid the stress of having to find new digs sooner than you’d like!