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Posted by Mark Smith on August 23, 1999 at 20:55:38:

In Reply to: Re: lease renewal problems posted by graeme on August 23, 1999 at 20:18:11:

You should have exercised the option for a one-year renewal in the manner specified in the lease -- 90 days before expiration, and probably in writing, and best sent by regular mail, with a certificate of mailing, and also by certified mail, return receipt requested.

Unless the lease allowed for exercising the option verbally, which would be unusual, you may be out of luck for a one-year renewal, and also for limiting the period to show the property to the last three months of the nine-month lease.

I'm not sure what a key box is. Is that a box containing your house/apartment key, with a lock on the box, to which brokers have a key?

And that excuse about "capital gains tax" doesn't make any sense.

: Firstly,we want to stay a year but she is only willing to give us 9 months despite verbal agreement in May that the lease would be for a further year.The original lease allows for renewal of lease but must be done 90 days before the end of the present lease. As I said we informed her in May but she has only just written to us with the new "lease" giving us a 9 month lease. The original lease also states 3 months prior to the end she can show people round. She has also said she wants to place a key box on the door.Is there anyway we can get the lease for a year rather than 9 months?She does not want to rent longer due to capital gains tax.

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Comments:
: You should have exercised the option for a one-year renewal in the manner specified in the lease -- 90 days before expiration, and probably in writing, and best sent by regular mail, with a certificate of mailing, and also by certified mail, return receipt requested.

: Unless the lease allowed for exercising the option verbally, which would be unusual, you may be out of luck for a one-year renewal, and also for limiting the period to show the property to the last three months of the nine-month lease.  

: I'm not sure what a key box is.  Is that a box containing your house/apartment key, with a lock on the box, to which brokers have a key?

: And that excuse about "capital gains tax" doesn't make any sense.

: 
: : Firstly,we want to stay a year but she is only willing to give us 9 months despite verbal agreement in May that the lease would be for a further year.The original lease allows for renewal of lease but must be done 90 days before the end of the present lease. As I said we informed her in May but she has only just written to us with the new "lease" giving us a 9 month lease. The original lease also states 3 months prior to the end she can show people round. She has also said she wants to place a key box on the door.Is there anyway we can get the lease for a year rather than 9 months?She does not want to rent longer due to capital gains tax.


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