Can a Landlord Refuse to Renew a Lease?

Can a Landlord Refuse to Renew a Lease?

There are several ways we get to take ownership of properties in the world today. Some of such ways allow us permanent ownership while others allow us temporary ownership. Everybody wishes to have their property so that they don’t have to account to anyone about the property as long as they are using the property within the ambits of the law. This will not be the case when you are in a rented or leased property. Hence, everyone hopes to build or buy their property. If you have properties, you should consider reading home security system reviews on BritainReviewsto know which companies and technology you can to protect your property.

Unfortunately, wishes are not horses that even beggars would ride. The implication is that several factors can make it difficult for an individual to get the properties they wish for. Prominent amongst those factors include not having the finances to buy a property and the property not being vacant. Based on the latter, there are instances where a person has enough money to buy a particular property of interest but the owner is not willing to sell. However, the property could be available for rent or lease. Considering the importance of location when it comes to properties, the person might decide to go ahead with renting or leasing instead if that location is very vital for what they need a property for.

There are at least 2 major problems with renting or leasing a property. The first is that the owner might decide at the end of the initial agreement not to renew the lease or rent. Hence, the answer to the question asked in the topic of this article is YES. A landlord can refuse to renew a lease. Even beyond that is the second major problem that a landlord could ask a tenant to leave his property even before the end of the rent or lease. Even though this is not a frequent occurrence and the tenant could fight back, it remains a possibility.

The only way to avoid both problems is to study the lease or rent agreement you sign with your landlord when you are moving in newly. There is no argument when it comes to the issue of renewing the lease or rent since your contract expires at the end of the lease or rent. Hence, if the landlord decides not to renew, there is nothing you can do about it.

However, if you know that you still want to use the property after the lease or rent expires, you might ask that the contract be drafted based on the duration that you will need the property. Hence, if you know that after a lease of 50 or 100 years expires, you will still want to be able to renew the place, for another 100 years, the lease could be drafted for 200 years with the agreement that you will pay part-payment immediately and the next instalment after 50 or 100 years. That way, the duration will be covered in the agreement and you will not have to request for a renewal that might be denied.

For the second major problem of the landlord asking you to leave in the middle of your rent or lease, it is also possible. This will be more so if there is a provision for it in the agreement. However, even without a direct provision, all that might be required is for the landlord to give you at least a month to 3 months’ notice. He will also have to refund some of the payment you made for the period you will not be used in the property.