I'm a tenant, my lease is ending soon - what are my options?
Did you know: When the lease ends, the tenancy doesn't automatically end?
Yep, that's right.
What does this mean for me?
What this means for you is you need to start thinking about what you might like to do at the end of the lease.
Cubbi is here to guide you and your landlord through whichever process you both decide on so you don't need to worry about the logistics!
As a tenant, here are your options:
- Do nothing. If neither you nor your landlord give notice to end the tenancy before the end of the lease or organise to renew the lease it will automatically roll over into a periodic (month-to-month) lease. In a periodic lease, the same terms apply as the original lease but you only need to provide a short amount of written notice to end the tenancy (varies depending on the state - see below). Your landlord also only needs to provide you with a short amount of notice to move out or increase the rent under a periodic lease.
- Renew the lease. If you've had a great experience in your home and you'd like to stay on, now's the time to talk to your landlord about renewing the lease for another 6 or 12 months. Renewing the lease means you'll have the security of knowing you can't be given notice to vacate or have the rent increased for the duration of that lease.
- Give notice to vacate. If you decide you want to end the tenancy and move out on or after the lease end date you will need to provide your landlord with written notice in advance. The amount of notice you are required to give to end the tenancy varies depending on the state but one thing they all have in common is the vacate date must be on or after the lease end date, not before.
More info here.