End of a lease
What happens at the end of a lease?
There are some very important considerations when you approach the termination date of the lease.
Negotiate for a new Lease: you should start talking to your landlord at lease 6 months before the expiry date. If negotiations break down, this allows you sufficient time to find alternate premises. Remember you landlord is not obliged to renew your Lease. The closer you are to the expiry date the less negotiation power you have because you may not be able to find alternate premises in such a short period of time. The landlord may take advantage of this by increasing the rent beyond what you would otherwise had expected. Remember this is the end of lease and so the landlord does not have to justify the asking rent.
Six months before the end of Lease the landlord should inform you whether a new lease will be offered. If this notice is not given, you should write to him requesting it. You then have 6 months from the end of your lease before the lease is considered at an end. At the end of lease you are on a month to month tenancy. Either party can give the other 30 days notice to vacate.