This is an agreement for the renewal of an existing lease for an additional term, with possible modifications. The agreement terms conform to state statutory law. This agreement is for the renewal of a non-commercial or residential lease.
A Bellevue Washington Residential Lease Renewal Agreement is a legally binding contract that outlines the terms and conditions for extending a lease agreement for a residential property located in Bellevue, Washington. This agreement is crucial for both tenants and landlords as it ensures a smooth transition from the existing lease term to the renewed one, maintaining clarity and transparency regarding the rights and responsibilities of all parties involved. The contents of a typical Bellevue Washington Residential Lease Renewal Agreement may include the following key elements: 1. Parties involved: The agreement should clearly state the names and addresses of the landlord(s) and the tenant(s) involved in the lease renewal. 2. Property details: The agreement should include the exact address and description of the residential property being leased, including any identified parking spaces or storage areas. 3. Renewal period: This section specifies the duration for which the lease is being extended. It may outline whether the renewal is for a fixed term (e.g., 1 year) or for a month-to-month basis, depending on the agreement between the tenant and the landlord. 4. Rent payment terms: The agreement should clearly state the amount of rent, the frequency of payments, acceptable payment methods, and any penalties or late fees for delayed payments. It may also outline the procedures for rent increases and the notice period required for such changes. 5. Security deposit: This section should specify the amount of the security deposit, the conditions for its refund, and any allowable deductions for damages or unpaid rent. 6. Maintenance responsibilities: The agreement should define the responsibilities of both the tenant and the landlord when it comes to property maintenance and repairs. It may outline procedures for reporting maintenance issues, handling repairs, and specify any limitations on tenant modifications to the property. 7. Utilities: This section should outline which utilities (e.g., water, electricity, gas, internet) are the tenant's responsibility and which are covered by the landlord. 8. Pets and additional occupants: The agreement may specify the landlord's policies regarding pets and any restrictions or requirements for additional occupants. It may include provisions for pet deposits or monthly pet fees. 9. Termination clause: This section should outline the conditions under which the lease agreement can be terminated by either party before the end of the renewal period. It may include notice periods required and any financial consequences for early termination. 10. Governing law: The agreement should state that the contract is governed by the laws of the state of Washington. Different types of Bellevue Washington Residential Lease Renewal Agreements may include variations in terms, such as whether the renewal is for a fixed term or continues on a month-to-month basis, and different requirements or restrictions regarding pets, subleasing, or property modifications. The specific clauses mentioned above may vary depending on the individual circumstances and the agreement negotiated between the landlord and the tenant.
