Renewing your lease is a great way to stay in a home you love without the stress of moving. Whether you’re renting an apartment in Johnstown or a house in Hollidaysburg, knowing how to approach the renewal process can make it quick and hassle-free. Follow these steps to ensure a smooth lease renewal and continued comfort in your rental.
Start the Process Early
Don’t wait until the last minute to discuss lease renewal. Most landlords will notify tenants 60 to 90 days before the lease ends, but it’s a good idea to reach out sooner if you’re certain you want to stay.
For instance, if you’re living in Altoona and enjoy your rental’s proximity to work or local attractions like the Railroaders Memorial Museum, initiating the conversation early can secure your spot and potentially lock in your current rent rate.
Review Your Lease Terms
Before renewing, revisit your current lease. Understand key terms, including the rental rate, maintenance responsibilities, and any changes that might be introduced in the renewal.
If you’re working with Redwood Prime Realty, they’ll provide clear communication about any updates to the lease agreement, making the renewal process straightforward.
Discuss Rent Increases
It’s common for landlords to adjust rent during a renewal, especially in competitive markets like Johnstown and Hollidaysburg. If your landlord proposes a rent increase, ask for details about why the change is happening.
If the increase seems too high, consider negotiating. Highlight your reliability as a tenant, such as always paying rent on time and maintaining the property, to potentially reduce or defer the increase.
Confirm Changes to the Lease
When renewing, some lease terms might change. This could include updates to pet policies, maintenance procedures, or new responsibilities for tenants. Carefully review the renewal agreement to ensure it aligns with your needs.
For example, if you’re renting in Tyrone and planning to adopt a pet, confirm that the new lease allows for pets and any associated fees are manageable.
Get Everything in Writing
Verbal agreements are not legally binding. Ensure all agreed-upon terms, such as the rental rate or maintenance updates, are documented in the renewed lease. A written agreement protects both you and the landlord in case of future disputes.
Prepare for New Security Deposit Terms
In Pennsylvania, landlords may choose to adjust the security deposit during a lease renewal, especially if your deposit was initially set at two months’ rent and your lease is entering its second year. Check your lease terms to understand how this applies to your situation.
Plan for a Smooth Transition
If your renewal includes changes to payment methods, such as moving to online rent payments or adjusting due dates, update your systems accordingly. Redwood Prime Realty makes this easy by offering online payment options and tenant portals for seamless management.
Maintain a Good Relationship
A positive relationship with your landlord or property manager can make the renewal process easier. Express your appreciation for their efforts in maintaining the property and addressing your concerns. This goodwill can help during negotiations or if any issues arise.
Consider Long-Term Goals
Think about your plans beyond the renewed lease term. Are you planning to stay long-term, or could you be considering a move in the next year? Communicating your goals can help your landlord plan accordingly, especially in areas like Clearfield where long-term tenants are valued.
Renew and Relax
Once the lease is signed, take a moment to enjoy the peace of mind that comes with staying in a home you love. With no moving stress, you can focus on settling in and exploring the community, whether it’s enjoying the charm of Hollidaysburg or the lively atmosphere of Johnstown.
Renewing your lease doesn’t have to be a hassle. By being proactive, staying informed, and working with a trusted property management company like Redwood Prime Realty, you can secure your rental and continue enjoying a space that feels like home.
