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BusinessLease Agreement
By Dalene
Category: Business. Viewed 1054 times. Created October 2013.     Disclaimer.   
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Policies & Procedures : Lease Renewal Process

                 
 
 
Print report : Leases to expire in 60 - 90 days. Check if details are correct
 
 









 
Discuss with owner and get instructions on re-leasing
NO
Contact tenant. Do they wish to renew lease?
YES
For how long; Check current lease for special conditions; Do they need amending, deleting or additional conditions added
Market Analysis









 
Send appropriate notice to tenant and prepare vacate procedure
Contact tenant to advise no renewal offered
No lease renewal to be offered. Get instructions on how to proceed with property
NO
Contact Lessor to advise & discuss date of expiry & tenants' wish to renew. Are they offering lease renewal?









YES
 
 
 
 
Discuss special conditions and market analysis to reach an offer for the tenants









 
 
Terms not fully agreed to. Tenants want to negotiate some part of the offered renewal
NO
Contact tenant to advise the terms of renewal offered
Check bond held and any variation required







YES


 
Send appropriate notice to tenant and prepare vacate procedure
NO
Discuss with Lessor to try and resolve
YES
If acceptable, confirm in writing and arrange paperwork to be processed.