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 anticipates that there is no provision specifically authorizing renewal.
Title: Wisconsin Notice from Lessor to Lessee Requesting an Extension or Renewal of Lease Agreement Keywords: Wisconsin, notice, lessor, lessee, extension, renewal, lease agreement. Introduction: When a lease agreement nears its expiration date or when either party wishes to extend or renew the lease, it is important for the lessor to formally communicate their intention to the lessee. In the state of Wisconsin, specific notices are required to request an extension or renewal of a lease agreement. This detailed description will explore the different types of Wisconsin notices from lessors to lessees, highlighting their purpose and legal requirements. 1. Notice from Lessor Requesting Extension of Lease Agreement: In Wisconsin, there is no specific statutory notice for a lessor to request an extension of the lease agreement. However, it is recommended that the lessor communicates their intent formally in writing, typically 30-60 days before the lease end date. This notice should include the desired duration of the extension and any proposed changes to the lease terms or conditions, such as rent adjustments or additional clauses. The notice should also provide a deadline for the lessee's response to ensure ample time for negotiation and decision-making. 2. Notice from Lessor Requesting Renewal of Lease Agreement: Similar to the extension request notice, there is no specific statutory notice for lessors to request a renewal of the lease agreement in Wisconsin. The lessor should draft a written notice stating their intention to renew the lease and specifying any proposed modifications or terms for the new lease period. It is crucial to provide the lessee with reasonable time to respond and consider the renewal offer before the expiration of the original lease agreement. 3. Special Circumstances and Exceptions: In some cases, Wisconsin law may require specific notices for lease extensions or renewals under particular circumstances, such as subsidized housing or federally assisted rental programs. For example, tenants residing in subsidized housing may need to receive a more formal notice within a specific timeframe as regulated by the U.S. Department of Housing and Urban Development (HUD). It is crucial for lessors to understand these additional requirements and ensure compliance. Conclusion: Issuing a written notice when requesting an extension or renewal of a lease agreement is essential for the lessor in Wisconsin. Although there are no specific statutory notices for these purposes, it is recommended to draft a formal written document, allowing enough time for the lessee to respond and negotiate. Understanding any additional notice requirements under specific circumstances, such as subsidized or federally assisted housing, is vital to ensure full compliance with applicable laws and regulations.
