Offer early, and in writing
A written renewal offer tells your tenant where they stand well before the lease ends: the new dates, the new rent and anything else that will change. It gives them time to decide and gives you time to find a new tenant if they say no. This letter is an offer; the new lease itself is signed separately.
- Show both the current and the new rent, so the change is clear.
- List every other change. If nothing else changes, say so.
- Give a reply date that leaves both of you enough time.
Rent-stabilized apartments in New York City use the state's RTP-8 renewal form instead; see rent-stabilized renewal leases. Outside the US, rules on renewals and rent changes are very different (England, for example, now has rolling tenancies), so this letter is for US homes only.