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 Tacoma Washington Residential Lease Renewal Agreement is a legal contract between a landlord and a tenant in Tacoma, Washington, that outlines the terms and conditions for extending a lease agreement for a residential property. This agreement is used when both parties mutually agree to continue the tenancy after the initial lease term expires. The Tacoma Washington Residential Lease Renewal Agreement includes important details such as the names and contact information of both the landlord and tenant, the address of the rental property, the duration of the renewal period, and any changes to the original lease terms. It also specifies the rental amount, due date, and method of payment, as well as utility responsibilities, maintenance obligations, and rules and regulations for the tenant to follow. Different types of Tacoma Washington Residential Lease Renewal Agreements may exist based on varying circumstances or modifications required by the landlord or tenant. These may include: 1. Standard Renewal Agreement: This is the most common type of lease renewal agreement used when both parties agree to extend the tenancy under the same terms and conditions as the original lease. 2. Modified Renewal Agreement: In certain cases, the landlord or tenant may request changes to the lease terms during the renewal process. This can include alterations to the rent amount, lease duration, or inclusion/exclusion of specific clauses. 3. Month-to-Month Renewal Agreement: Sometimes, instead of extending the lease for a fixed term, the parties may opt for a month-to-month agreement. This provides flexibility for both the landlord and tenant, allowing either party to terminate the tenancy with proper notice. 4. Lease Renewal with Rent Adjustment: In situations where the rent amount needs to be adjusted due to market conditions or other factors, a lease renewal agreement with rent adjustment can be used to establish the new rental price. It is crucial for both the landlord and tenant to carefully review and understand all the provisions in the Tacoma Washington Residential Lease Renewal Agreement before signing. Seeking legal advice may be beneficial to ensure all parties' interests are protected and to clarify any concerns regarding the agreement terms.
