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Tenant renewal.....contract help!

Tenant renewal.....contract help!

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by: AznGunner Active Indicator LED Icon  OP  New Member
~ 11 years ago   Jul 11, '12 9:06pm  
Hey all, my tenant wants to extend our lease for another year.  Initially, I had a realtor find and produce the original contract.  What is customary for a contract renewal??  Should a get a realtor again or could I just get a form from say Office Depot or something? 4951
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Fallon Active Indicator LED Icon 18
~ 11 years ago   Jul 11, '12 9:14pm  
Removed By Request 4951
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mpjp0907 Active Indicator LED Icon 12
~ 11 years ago   Jul 11, '12 9:17pm  
So they just want to extend their contract they already have? Why not just use the same contract they already have and have them sign it. Usually after a year it's a month to month basis 4951
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tatertot58 Active Indicator LED Icon 15
~ 11 years ago   Jul 11, '12 9:17pm  
You can find legally binding contracts containing the same language as the realtors use online. I use these to renew when it is the same tenant. 4951
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mpjp0907 Active Indicator LED Icon 12
~ 11 years ago   Jul 11, '12 9:22pm  
You can find legally binding contracts containing the same language as the realtors use online. I use these to renew when it is the same tenant.
 
I go the way @tatertot58 said. Why pay a realtor one months rent for not doing much.
 
4951
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Longstocking Active Indicator LED Icon 16
~ 11 years ago   Jul 11, '12 9:24pm  
Legal zoom.com maybe 4951
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mpjp0907 Active Indicator LED Icon 12
~ 11 years ago   Jul 11, '12 9:25pm  
Heck I may even have a contract laying around here somewhere 4951
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dotti573 Active Indicator LED Icon 15
~ 11 years ago   Jul 11, '12 9:34pm  
My landlord used a form TAR-2005.  Looks like it came from ziplogic.com.  It says Extension of Residental Lease on the top. I only have a scanned copy of it but it may only be for realtors use.  My landlord also has a real estate company. 4951
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hardzep Active Indicator LED Icon 10
~ 11 years ago   Jul 11, '12 10:47pm  
I would take the opportunity to inspect your property before re-signing.   4951
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Kristinatx9 Active Indicator LED Icon
~ 11 years ago   Jul 11, '12 10:53pm  
Just use the same contract with new dates!  4951
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EvanCarroll Active Indicator LED Icon 6
~ 11 years ago   Jul 11, '12 11:23pm  
My landlord used a form TAR-2005.  Looks like it came from ziplogic.com.  It says Extension of Residental Lease on the top.
 
@dotti573: Firstly I'm a licensed real estate agent. It's unfortunately illegal for a non-Realtor to use a TAR-form -- though these forms should be Emoticonromulgated by the state, the conservatives have for some awkward reason delegated to TAR the power to create the de facto forms. Probably, a result of the powerful Realtor lobby. Anyway, as the owner you're welcome to write down whatever sort of lease or month-to-month agreement you'd like. If your tenant is already seasoned then you may not even be concerned all that much with them defaulting on their contract -- you may not require the contractual protections of the TAR forms. If you're interested, I'd be happy to render this service for $75.00 + my brokerage fees for the transaction -- which unfortunately I can't get for you until tomorrow (I think he's still going to have to pay E&O on the lease extension).One thing you need to be careful of is that the TAR revised the Residential Lease for on June 1, 2010. If you're extending a lease signed prior to June 1, 2010 you'll want the addendum too.Feel free to give me a call tomorrow 281.901.0011. 4951
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mm4731 Active Indicator LED Icon 13
~ 11 years ago   Jul 12, '12 6:53am  
[ Removed By Request. ] 4951
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tatertot58 Active Indicator LED Icon 15
~ 11 years ago   Jul 12, '12 7:33am  
I also have a copy of the lease used to renew.  It is the same language of the TAR lease without all of their extras on it.  I would  be more than happy to provide it for FREE.  I obtained it on- line and also in a landlords book from Branes and Noble. 4951
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fcabanski Active Indicator LED Icon 16
~ 11 years ago   Jul 12, '12 11:20am  
"
though these forms should be promulgated by the state,
the conservatives have for some awkward reason delegated to TAR the
power to create the de facto forms."My god, they let the realtors and their organization create realty forms?  What's next, let people decide on their own health insurance? 4951
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Fallon Active Indicator LED Icon 18
~ 11 years ago   Jul 12, '12 11:21am  
Removed By Request 4951
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EvanCarroll Active Indicator LED Icon 6
~ 11 years ago   Jul 12, '12 11:23am  
My god, they let the realtors and their organization create realty forms?  What's next, let people decide on their own health insurance?
 
@fcabanski: No, we just get to fill in the blanks. However the form with the blanks is created by TAR, not TREC.
4951
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