Updated almost 6 years ago on . Most recent reply
Question about lease terms...
Can anyone tell me what these this language would mean today:
"This lease will commence February 16, 2012 and terminate February 29, 2013. This lease will automatically renew at its end date for a 1 year period if a notification of termination is not recieved by either party, in accordance with Move out Notice #20 noted later in this lease."
I inherited these tenants. Does this means even though it is past the renew first year it is continual, or has this lease technically ended?
I need to know if I need to get these leases updated or if I need to wait until the Month stated in the term. The other lease says May 2018.