Lease Renewal & Non-Renewal Notice Prompt

Prompt

Prepare lease renewal or non-renewal notices.

[PASTE: Current lease, business decision, notice requirements]

Steps: 1) Review lease renewal options 2) If FMV, conduct appraisal/market analysis 3) If landlord option, calculate renewal rent 4) If no renewal, send non-renewal notice 5) If tenant initiated, request response 6) Address default scenario 7) Coordinate move-out

Output: Renewal or non-renewal notice, FMV determination, new lease terms, move-out checklist.

Why it works

Timely notices prevent month-to-month tenancy by default. Market-based rent maximizes revenue.

Watch out for

Missing renewal deadlines create month-to-month. Track dates on calendar. Issue early.

Used by

Finance TeamsExecutives

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