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The contract of my 12 month tenant lease expires on 1/1/2015. This isn't a good time of year to market and attract new occupants. Would I be able to change the leasing term to 18 months with the new anniversary with proper 60 days notice? The term would expire in July which is a better marketing timeframe.

Mark L, IL on Monday, September 15, 2014

RE: Changing Lease Term

You could offer them a lease renewal agreement that is for a month- to-month lease or a six month term. You cannot just up date the amount of month that a tenant is held to a lease. With a lease renewal you can have them agree and approve the new terms. This can be done early but should be done with at least 30 days notice.

Posted by Derrick D, PA on Tuesday, September 16, 2014

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