As a renter, it’s important to know when your rental agreement will expire. This is because your lease agreement is a legally binding document that outlines the terms and conditions of your tenancy. If you stay in your rental unit beyond the expiration date of your lease, you risk being evicted and facing legal action.
A rental agreement typically lasts for a fixed-period of time, most commonly for six to twelve months. Once this period is over, your lease will expire. It’s important to note that if you don’t choose to renew your lease or sign a new agreement with your landlord, your tenancy will automatically become a month-to-month rental agreement.
Before your rental agreement is set to expire, you should be in contact with your landlord to discuss your options. If you want to renew your lease, you should make sure to do so well in advance of the expiration date. This will give your landlord enough time to process any lease renewals and provide you with your new rental agreement.
If you choose not to renew your lease, you will need to give your landlord notice that you intend to move out of the rental unit. Typically, you need to give 30 days’ notice before your lease agreement expires. However, this can vary depending on the terms of your lease agreement.
It’s important to make sure you return the rental unit in the same condition as when you moved in. This includes cleaning the unit and removing any personal belongings. Your landlord may conduct a final inspection of the unit before returning your security deposit, so it’s important to leave the unit in good condition.
In summary, your rental agreement expiry date is an important thing to keep track of as a renter. Make sure to communicate with your landlord well in advance of the expiry date to discuss renewal options or notice requirements if you decide to move out. Remember to leave the rental unit in good condition to ensure the return of your security deposit.