New Lease, Last Years Terms (Monroe County)

If next years lease is the same as last years lease, do I need to put it in writing?

Any lease may be extended by mutual agreement of both parties under the old terms (rental period, rent amount, rent due date, etc.) A lease can also be modified by mutual agreement.

Any agreement to extend should be written down either on the face of the old lease or in a letter or another written form. Be sure to keep a copy for your records!

A tenant may also "hold over" at will, unless otherwise agreed upon, at the same rental terms as the original lease, but the tenancy no longer has a definite term of life and it becomes subject to the notice requirements that apply to an oral lease or one with no definite terms.

For expert advice about real estate in the Florida Keys and Key West call me at (305) 522-1398 or e-mail me at MayaMarieThomas@Hotmail.com.

Maya M. Thomas
REALTOR®
(305) 522-1398
MayaMarieThomas@Hotmail.com
http://www.ShowcasePortfolioProperties.com
http://www.myspace.com/topkeysrealtor