Common use of AUTOMATIC LEASE RENEWAL AFTER INITIAL FIXED TERM Clause in Contracts

AUTOMATIC LEASE RENEWAL AFTER INITIAL FIXED TERM. After expiration of the Minimum Lease Term, this Agreement will renew itself for an additional term of the original Rental Agreement, with an 8% increase in monthly rent at the Landlord’s discretion. Tenant understands that if Tenant signs a one-year lease, this agreement will automatically renew for another year unless Tenant submits a 30-Day Notice to Vacate 30 days prior to the expiration of the original lease term. All other obligations, terms, and conditions here within apply. Month-to-month agreements may only exist by written request and approval in writing by Landlord and must be requested at a minimum of 30 days prior to the end of current lease term. A “month” for purposes of this Agreement means a calendar month. The automatic renewal process will remain in effect throughout the entire term of residency or until a written 30-Day Notice has been delivered to Landlord in accordance to this Agreement.

Appears in 2 contracts

Samples: Rental/Lease Agreement, Rental/Lease Agreement

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AUTOMATIC LEASE RENEWAL AFTER INITIAL FIXED TERM. After expiration of the Minimum Lease Term, this Agreement will renew itself for an one additional term of the original Rental Agreementlease, with an a (8% %) increase in monthly rent or to current market value as determined by management, at the Landlordmanagement’s discretion. Tenant understands that if Tenant signs a one-year lease, this agreement will automatically renew for another year unless Tenant submits a 30-Day Notice to Vacate 30 days prior to the expiration of the original lease term. All other obligations, terms, and conditions condition here within apply. Month-to-month agreements may only exist by written request and approval in writing by Landlord Xxxxxxxx and must be requested at a minimum of 30 30-days prior to the end of current lease term. A “month” for purposes of this Agreement means a calendar month. The automatic renewal process will remain in effect throughout the entire term of residency or until a written 30-Day Notice has been delivered to Landlord in accordance to this Rental Agreement.

Appears in 1 contract

Samples: Landlord Tenant Rental Agreement

AUTOMATIC LEASE RENEWAL AFTER INITIAL FIXED TERM. After expiration of the Minimum Lease Term, this Agreement will renew itself for an one additional term of the original Rental Agreementlease, with an a (8% %) increase in monthly rent or to current market value as determined by management, at the Landlordmanagement’s discretion. Tenant understands that if Tenant signs a one-year lease, this agreement will automatically renew for another year unless Tenant submits a 30-Day Notice to Vacate 30 days prior to the expiration of the original lease term. All other obligations, terms, and conditions condition here within apply. Month-to-month agreements may only exist by written request and approval in writing by Landlord and must be requested at a minimum of 30 30-days prior to the end of current lease term. A “month” for purposes of this Agreement means a calendar month. The automatic renewal process will remain in effect throughout the entire term of residency or until a written 30-Day Notice has been delivered to Landlord in accordance to this Rental Agreement.

Appears in 1 contract

Samples: Landlord Tenant Rental Agreement

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AUTOMATIC LEASE RENEWAL AFTER INITIAL FIXED TERM. After expiration of the Minimum Lease Term, this Agreement will renew itself for an one additional term of the original Rental Agreementlease, with an a (8% %) increase in monthly rent or to current market value as determined by management, at the Landlordmanagement’s discretion. Tenant understands that if Tenant signs a one-year lease, this agreement will automatically renew for another year unless Tenant submits a 30-Day Notice to Vacate 30 days prior to the expiration of the original lease term. All other obligations, terms, and conditions condition here within apply. Month-to-month agreements may only exist by written request and approval in writing by Landlord and must be requested at a minimum of 30 30-days prior to the end of current lease term. A “month” for purposes of this Agreement means a calendar month. The automatic renewal process will remain in effect throughout the entire term of residency or until a written 30-30- Day Notice has been delivered to Landlord in accordance to this Rental Agreement.

Appears in 1 contract

Samples: Rent Payment Agreement

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