A lease agreement may contain specific provisions authorizing renewal or extension, or a subsequent agreement or modification may grant the extension or renewal. A lease agreement may also grant an option to either a lessee or a lessor to renew or extend the term of the lease agreement.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
A New Mexico Notice to Lessor of Lessee's Intention not to Renew Lease is a formal document used by tenants to inform their landlord that they do not intend to renew their lease when it provides for automatic renewal in the absence of a contrary notice. This notice is important as it serves as a legal notification to the lessor, ensuring that the tenant's decision not to renew the lease is properly documented. In New Mexico, there are different types of notices to lessors that tenants can use depending on their specific situation. Here are some potential variations: 1. Standard Notice to Lessor: This is the most common type of notice used by tenants when they simply do not wish to renew their lease. The notice clearly states the lessee's intention to terminate the lease at the end of the current lease term. 2. Notice to Lessor with Special Terms: In some cases, tenants may need to include specific terms or conditions when notifying their lessor of their intention not to renew. This could involve requesting repairs or modifications to the property, negotiating a new lease agreement, or addressing any outstanding issues. When using this type of notice, tenants should clearly outline their intentions and any specific requirements. 3. Mutual Agreement to Not Renew: Occasionally, both the lessor and lessee may agree that the lease will not be renewed. In such cases, a mutual agreement to not renew should be signed by both parties and include details regarding the termination of the lease and any necessary arrangements for moving out or finding new tenants. When drafting a New Mexico Notice to Lessor of Lessee's Intention not to Renew Lease Where Lease Provides for Automatic Renewal in Absence of Contrary Notice, it is essential to include the following information: 1. Date: Start the notice with the current date to establish a timeline for the notice period. 2. Landlord and Tenant Information: Provide the full names and contact details of both the lessor and lessee to accurately identify the parties involved. 3. Property Description: Clearly identify the property being leased, including the address and any unit numbers if applicable. 4. Lease Details: Include the lease commencement date, duration, and the specific section or clause that discusses automatic renewal in the absence of a contrary notice. 5. Intention not to Renew: State unequivocally the tenant's intention not to renew the lease upon its expiration and the desired date of lease termination. 6. Signature: The notice should be signed by the tenant, indicating their acknowledgment and understanding of the contents of the notice. It is crucial to check local regulations and consult with legal professionals or real estate experts to ensure compliance and accuracy when preparing a New Mexico Notice to Lessor of Lessee's Intention not to Renew Lease.
