Tenant Not Signing Lease Renewal
My tenant lease is up in 2 months and couple of days. Illinois requires tenant to notify landlord about lease renewal 60 days before lease end. Illinois also requires landlord to notify tenant of non-renewal 60 days prior to lease end.
I have sent couple of email about lease renewal but the tenant has being ignoring my emails. I then texted and I got a response that they will renew. I have sent the lease renewal document and tenant is not signing and ignoring as usual.
My lease automatically roll into month-to-month but I am only interested in a yearly lease.
The tenant has been a great tenant. I am confused at the moment. I want to do something before the 60 days time clock. What do I do?
Most Popular Reply
My lease renewal specifically states that if they do not sign and return at least 30 days prior to expiration (60 in your case) they will automatically be considered MTM with an additional MTM premium added to the rent. Many times I collect the MTM rate for 1 month before they finally return the renewal and I will then reduce the rent.