How do I renew a lease?

Pendo offers four (4) types of leases:

1. Fixed Length which is typically for a one (1) year period and then automatically converts to another type of lease at the Landlord’s discretion [Month to month, Another fixed Length, Tenant must move out, Another fixed term – to be discussed]
2. Weekly
3. Monthly
4. Annual which automatically converts to a month to month lease

Unless the Landlord or Tenant gives notice or the lease term is fixed lease – tenant must move out, the current lease is automatically renewed and there is no legal requirement for the tenant to sign a new lease unless the terms of the lease have changed and the tenant agrees to the new terms.  In that case, we suggest using a lease addendum.  If you prefer to create a new lease, you must terminate the existing lease and create a new lease.  Note: Pendo does not provide a ‘renew’ option for current leases.

Please refer to the tenancy legislation in your province/state to ensure your terms are compliant with the tenancy act.