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Property Owner Handbook
Lease Renewal Process For Owners
Lease Renewal Process For Owners

What happens when the lease on a property you own is up for renewal.

Adam Willis avatar
Written by Adam Willis
Updated over a week ago

In order to renew or terminate the tenant's lease, we need to know your plans. Many things happen behind the scene in order to renew the tenant's lease.

Please choose one of the options below. 

  1. Renewal - I want to renew the lease with the current tenants at the same rate. You have a good thing going. Why disrupt it?

  2. Renewal - My priority is to renew with the current tenants with a small increase of $25-$50 to rent if possible. I don't want a renewal to cause them to vacate.

  3. Renewal - My priority is to increase rents as much as possible. I am fine if the tenants choose to move because of the increase. Please research the rental market and share Nestwell's recommendation to make sure I am maximizing the return on my investment

  4. Sell your investment home. Considering selling? Contact your local agent if you have an established relationship. Or we can help you make an informed decision on whether to sell or keep your investment. We know you, we know your investment, and we know the market. Find out the value of your home now!

Once we know your intentions as the homeowner, we will go to the tenants and offer to renew the lease or terminate it. 

Tenant History Review

Our team will review the tenants behavior and history while renting the property. If there is sufficient reason, Nestwell might make the decision not to renew with the tenants. A few of these reasons may include: multiple late payments, damage to property, difficult to work with, uncooperative for property evaluations, etc.

Property Evaluation Review

Prior to renewing the lease, Nestwell will view the latest property evaluation to make sure the tenants are taking care of the property.

Collect Updated Application Information

During the renewal process, Nestwell collects updated application information from the existing tenants and updates all of their employment, contact information and other pertinent details. 

Create New Lease

Nestwell is always progressive when it comes to the Rental Agreement between you and the tenant. We consistently update it to follow legislative changes, best practices and close any loopholes we've found. Our lease is bulletproof.

If you have any questions, please email

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