On the other hand, the statutory route provides legal protection, an extended lease term, and standardized procedures. The letter supposed include: Your name, current address and contact. For example, “I am on leave for 10 days from [start date] to [end date]”. PDF. Department of Housing and Urban Development. This is a basic lease renewal template that just gets your work done sufficiently and assists you in creating a clean letter to propose to your tenant regarding the extension of the lease along with the related details. Feel free to change the fonts and colors, drop in a text box for terms and conditions, write a personalized message, and add your logo for a more official touch. Estimate the premium you are likely to be expected to pay to the landlord by using an online lease extension calculator or ask other leaseholders under the same roof what they have previously paid. An informal lease extension can be considerably quicker than the statutory route. 1. Before you go down the statutory extension route asking the Landlord is I think an obvious and important first step. To request a lease extension, submit a informal letter containing all who pertinent detailed your landowner needs to make one decision. This form contains the validity of the rental period means a tenant is taking the house for rent for how much. Most specialist RICS surveyors offer a best and worst case scenario for what you should offer the freeholder to extend the lease using the statutory formula within the Leasehold Reform Act. Excellent 4. With an informal lease extension, once the price has been agreed, your freeholder’s solicitor is likely to charge you upfront for their legal fees. When writing a rent increase letter, be sure to include:. Louie Burns, of Leasehold Solutions, has written on the LKP website about the cheating played by freeholders with informal lease extensions. However many websites / articles caution against “agreed lease extensions” where you have negotiated with the Landlord and not gone through the statutory. signNow has paid close attention to iOS users and developed an application just for them. Informal lease extensions may offer a commercially sensible solution to a particular leaseholder. The property would be worth ~£435k in the current market with a long lease and ground rent is already £10 per annum if that helps at all. Sample Lease Renewal Letter. If you own an iOS device like an iPhone or iPad, easily create electronic signatures for signing a section 8 extension request letter in PDF format. Begin the email by expressing your appreciation for the current lease and mention your desire to extend the tenancy. City, State, Zip Code. Note any clauses related to lease extensions or renewals. To [Recipient name] Dear, [Recipient name] This agreement is intended to clarify the rental terms of the unit [Unit name and number] given to the tenant [Tenant name]. Formal Lease Extension – The Disadvantages. We/I look forward to hearing from you by [insert a date for landlord to respond (giving them a reasonable period of time to do so)]. Also, your late fee will be [AMOUNT] for any rent paid after the [7th] of the month. As per our lease agreement dated [Original Lease Date], I am providing [Notice Period, e. How to extend a lease; 6. The pro se party submitted a letter request for a 30-day extension of dauer. A 30-Day Notice To Landlord is a document where a tenant notifies the landlord that they will not be renewing the lease. The letter should include: Writing and date off a formal letter to send by get. [4] Georgia 60 Day Notice to Vacate. A lease is an legal document, so a lease extension letter please should be treated with of same level of importance. I would like to amend that date to end on [new date]. It can apply to either commercial or residential property. Here is a sample temperature can use to write an informal rental agreement letter. Once the lease falls below 80 years, the landlord is entitled to receive 50% of the increase in property value when an extension iss granted; this “Marriage Value” is what makes it. This applies where the customer has owned 100% of the leasehold interest in the property for at least 2 years. February 17, from 6am. Is the informal lease extension route-Brady solicitors? Brady. I contacted the neighbour and he told me ground rent was – £270 p/a fixed until 2034. Click here to use the Leasehold Advisory Service online calculator to calculate a rough estimate of the cost of your lease extension. or. In very simple terms, the Statutory lease extension process typically works like this: 1) You make an offer for the lease extension, let's say £5k 2) Your freeholder makes a counter offer, let's say £12k 3) You (or more likely your valuers) negotiate 4) If you can't agree, you go to a tribunal and each side puts their case. Alert your tenant that excessive utility usage has been noted with this direct and to-the-point form. Send the Extension Addendum. Give your rental something in backIf possibility, submit your lease extension letter 30-60 days for your leases end date. To request a lease extension, submit a formal letter features all that applicable details get landlord requirements to make a decision. This must be paid within 14 days. Aug 31, 2021. A lease extension agreement, or ‘ lease renewal ‘, allows a landlord and tenant to extend a lease agreement to extend beyond its end date. Kindly make provision for the increment. Step 4 – Receive the Signed Lease Extension. Current rent amount. By far, they are the best residence in the whole region. Close with a polite and professional sign-off. Place both pieces of information on the left. Your posts are primarily about an informal lease extension - there are no 'rules', no timescales etc with that i. Visit an L&Q office to verify your identity. 42 notice as to avoid any late payment. This letter serves as one informal. Landlords or Property Managers. However, purchasers will expect to pay less for a property with a short lease compared to a property with a long lease, and may find it more difficult to obtain a mortgage on a property with a short lease To book an appointment, please call 020 8840 6640 or email solicitor@starckuberoi. A year later they offer to sell you the freehold of your building. How to write an informal lease extension enquiry letter. S. Click 'Generate'. If you have. How to Write Informal Letters: A Step-by-Step Guide; How to Write Formal Letters: A. The term of your current lease will expire soon and we would like to renew your lease for another year. Dear Name of Landlord: This letter is a formal request to renew the lease on the property at the above address for another [email protected] 10 - Letter asking landlord for a lease extension/to purchase the freehold Read More . Place of employment. The terms can renew each month if both the tenant or the landlord agree to keep it in place. There are two routes a leaseholder of a flat can consider when thinking about extending the length of their lease. The right to extend a lease on a flat gives an owner the right to add 90 years to the current unexpired term, and also to change the current rent to a ‘peppercorn rent’ (which is in essence. The valuation date is locked once notice is serviced, therefore the price. At this point, the surveyors for each party will work to agree a fair and reasonable premium for the lease extension. Feb 4, 2020. As many of you know, the process of acquiring a student visa (F-1 visa) to the United States is nerve-racking for Indian families. So it is common practice for most leaseholders to extend their lease before it falls below 80 years. This letter is a formal request to renew the existing lease on the property at the (full address) for another (Number of years) years. When you’ve signed up and paid for your subscription, you can utilize your Sample Letter for Lease Extension - Relocation as often as you need or for as long as it remains active where you live. A rental and lease agreement is a document that outlines the arrangement between an owner of a property, known as the “landlord” or “lessor,” and someone who pays rent to occupy the property, known as the “tenant” or “lessee. If you wish to proceed with your lease extension you must send written confirmation of your acceptance of the premium and the lease extension, andC) Asking for a Rental Payment Holiday. Add the property address of the rental unit. Provided they agree, there is still the time it takes to negotiate the terms of the new lease and the premium to be paid. £150-£220 per hour. This includes prospective. To book an appointment, please call 020 8840 6640 or email solicitor@starckuberoi. Estimate the premium you are likely to be expected to pay to the landlord by using an online lease extension calculator or ask other leaseholders under the same roof what they have previously paid. Department of Housing and Urban Development 451 7th Street, S. A lease is a legal document, so a lease extension newsletter request should be treated with the similar level of importance. Grove City, Ohio 43123. S. The letter should include: Rent agreement sizes: Around is a specimen for reference - Times of IndiaThis method is called the informal route lease extension. Revise it in your preferred online or offline editor, fill it out, sign it, and print it. A property with a low lease shouldn’t put you off buying it or selling it. How is the price of an informal lease extension determined? The premium that should be charged for the lease extension needs to be negotiated between the parties. A Georgia 60 Day Notice to Vacate is lease termination letter written to terminate a month-to-month lease. On average it takes three months for completion to take place from the date you advise you wish to proceed following your premium offer letter (which. A lease extension addendum can be used to make minor changes to the conditions of an original lease such as the length of the new term, a change in rent, and/or other modifications. Re-leasing is formal, and the leasing company should draft a new contract. In this particular lease renewal letter, the landlord has laid out different options that the tenant can use if he wishes to keep on leasing there. Formal lease extensions. The letter have include: Your nominate, current address also contact informationKey takeaways: There are pros and cons to using lease renewal agreements and lease extensions. Schedule Inspection. Use a concise paragraph format. This letter also contains the period of effectivity of the contract of agency between the principal and the agent. Most automaker finance units and third-party financial institutions will grant a one-time extension of a car lease past its end date by a fixed number of months (generally 12 or. Once signed, the agreement is. They offer an informal lease extension and you pay them £10,200. To request a lease stretch, submit a informal anschreiben containing all the pertinent details your landlord your to make a make. See moreTemplate letter. Extension costs and added value from Homehold, based on Upper Tribunal guidance. 48 Templates. I must admit how much I enjoyed staying in your rentals. Leasehold Renewal Process. Whoever is looking for a house for rent then it is the legal form which will track the record of all the details. DOC. The letter should include: Your name, current address and contact information. Lease Extension Valuation Using a Qualified Valuer – £500 to £1000. Under the legislation, the freeholder must give you a lease of an additional 90 years on top of what you already have. Landlord’s name and contact info. Tenants typically send this notice of their intent to vacate to property managers 30, 60, or 90 days before the intended move-out date, depending on the requirements of. Step 1 – Inform the Freeholder of your wish to pursue an extension through the statutory route. The format of the acknowledgment letter for project must include the name and address of the sender. The letter should include: Your name, modern speech and contact informationThe formal lease extension process takes time. DATE. serving their airports. Download a template informal letter enquiring about lease extension of a flat, or to purchase the freehold of a house or flat. The subject will follow the salutations in your leave extension letter. Renewal letter is an official letter is the action of making an agreement continue for an extended period of time or validity after it has come to an end or the act of renewing is also called continuation or repetition of a license, contract, subscription or a membership etc The Renewal letter is. 2. How to Extend a Lease (4 steps) Gather the Original Lease. A Lease Renewal or Extension Form has to be drafted before the lease expires. When you’re writing a lease renewal letter, you should include: The names and contact information for the landlord and tenant. To request a lease extension, take a formal newsletter containing all which pertinent details your landlord needs on make a decision. Informal lease extension process. If you have an absent freeholder, see our guide on what your options are. A leasing is a legal document, so a lease extension letter request should subsist treated with of same level of importance. 39. Informal Lease Extensions Early Negotiating Tactics Ask the Landlord. The user should enter all the information required to complete the document. If you own a house and want to extend your lease, you will need to use the formal negotiation route. Provide a Reason. W. , 1-year), click here. Sanctuary will instruct the RICs accredited surveyor to provide a lease extension valuation report. 38. Give one of our expert team a call today to explain how you can still begin the process and protect and maximise the property’s value. The agreement remains active until either party gives proper notice to end it. Opportunity Home will issue a new voucher within 10 business days of Opportunity Home’s written approval to move. you’re a service tenant employed by the landlord. For more information please visit our Conveyancing page. In request a lease extension, submit a formal letter containing all the pertinent details your owners needed to make adenine decision. For an informal extension, the company must agree to it. Frank will pay $600/- per month as the rent of the apartment. The cost of a lease extension is directly tied to the value of the property. Download. Jul 21, 2021. It is essential for your employee to feel motivated about moving to a new location and. A LEASE adviser can consider the terms of the lease to identify if possible what is part of the demised premises and what belongs to the landlord. If you are interested in the steps to lease extension, read our next article: Lease extension process. co. (Describe in your words). Timing is everything. The document also includes an optional field for billing the overage directly to your tenant. Dear [Name],). However, in reality most lease extensions go through at some point fairly soon after the formal process has started. A "Formal Letter Lease Extension" is a written communication used to officially request an extension of an existing. There are two options when extending a lease: either a formal or informal route. How to make an signature for the Voucher Extension Letter Form on iOS devices. extending the lease to 164years [74+90]). That can be done at any time. If you own a house and want to extend your lease, you will need to use the formal negotiation route. By law, you are entitled to extend your lease for a further 90 years. Download: PDF | Word. The renewal terms or any changes to the terms of the original lease. 3. The lease expires on DATE and I would like to renew it until DATE. Under the contractual terms of your lease, this letter is to notify you that, 30 days after receipt of this notification, your monthly rent will increase by $100, resulting in a new monthly rent of $2100. For informal applications received after 1 September 2021, we'll extend your lease where possible to a new 990-year term. Renewal of license: To extend a licensing agreement. In the small print of the lease is a tortuously worded clause stating that this will double every 10 years, so that in 35 years it will have soared to £128,000, and in 95 years it will be £8m. g. Annabel Lee. Step 2 – Appoint a lease extension solicitor with expertise in the field and who is a member of the. Writing a letter requesting an extension of time involves clear communication, a valid justification, and a demonstration of professionalism. A lease is a statutory document, so ampere hire extension letter request ought be worked with the same step of importance. The Term of Lease will start from [Date] and end on [Date]. In addition, landlords may offer lease extensions to avoid having tenants leave before their lease expires. Are you eligible to use the formal route?An informal route involves approaching the freeholder directly, and negotiating outside the terms of the Act. Instead, where a deed attempts either to: vary the length of a registered lease by. For example, if you have 70 years now, you’ll have 160 years. She provides advice on contacting a free, instructions into write an extension enquiry furthermore what to look out for in the terms on extension. co. When writing a rent increase letter, be sure to include: Tenant’s name. However, more importantly, an expensive and time-consuming application to the Tribunal is not required. You do not need to meet any statutory requirements to extend your lease informally and can extend your lease by up to 999 years for no. Find the original lease and look it over. Date the letter was written. Writing a Contract Extension Acceptance Letter is an opportunity to formally accept the offer to extend your employment. I propose to pay you the prorated amount of [extension rent amount] for theInclude your signature and complete name. Below is the sample letter for the extension of maternity leave (email format). An informal lease extension can sometimes provide a more straightforward and cheaper deal for the leaseholder, but this is not always the case. In fact, freeholders will soon likely be legally obliged to reduce ground rents to zero in lease extensions anyway. Another ploy by predatory freeholders is to offer an informal lease extension to flat owners when they know they are going to sell the freehold of the building. Leaseholders can sell their leases provided they comply with any provisions contained in the lease. To request an leasing extension, submit adenine informal letter containing all the pertinent details own renter needs on make a. Due to unforeseen circumstances, I have been some obstacles that have delayed my progress on the project. L&Q are the freeholder of your property, and we are proud to be able to offer you a 990 year lease extension, inclusive of your existing lease term, with a ground rent of a peppercorn (£0). Add the co-tenants’ names. September 20, 2022 by Rahul Panchal Before placing your belongings in storage and begging a friend for a guest bed or couch, go the far easier route and write your landlord a lease extension letter. Landlord/Lessor: [Lessor. However, for leases above 130 years, any extra years will not add. Informal lease extension explained If you're looking to extend your lease, an informal. An accurate current mileage at the time of the request. Current address. To request a lease extension, submit a informal letter containing all who pertinent detailed your landowner needs to make one decision. 1. It will also set out the level in which a section 42 notice should be served upon the landlord. In commercial property rentals, a lease extension agreement allows the business to remain in operation on the property after the original assignment of lease . The reason behind the same is that, _____ (I am looking forward to shifting to some other place/ I am moving back to the hometown/ any other reason). ”. If it is your age mate, you can use the words dear Susan, cate, Charles, Andrew, etc. The ground rent will be £250 a year, doubling every 10 years. For a flat with 80 years left on the lease and expected to be worth £400,000 with a lease extension complete, and ground rent of £100 a year, a lease extension will cost from about £7,000 to £10,000 plus costs mentioned below. This form helps the landlord screen the tenant, and it includes information such as the applicant’s: Name. The letter should give the full name of the applicant and his or her contact details. Step 3 – Use an RICS surveyor who has experience in leasehold extension legislation and. In this extension time, you have to pay extra $10 per month. City, State, Zip Code. DATE. A lease is a legally binding contract between your PHA and you, the tenant. Leave three to four lines blank below the “Sincerely. Leasehold owners wishing to extend the lease on their residential property have statutory rights under the Leasehold Reform and Urban Development Act 1993. Free Lease Extension Letter. Step 2 – Appoint a lawyer who has experience in the field. At the outset of the process, a RICS valuation of the property must be obtained by the leaseholder at their own cost. Book an Appointment Today. U. It could be that you are having problems trying to sell your flat due to the length of term remaining or maybe have a clause which permits a significant ris in the ground rent. When you informally agree an extension of your lease with your landlord, you can agree any terms between you, including the length of the lease extension and the amount of the ground rent. , a fixed-term lease or a month-to-month lease. The address of the rental property and unit number, if applicable. Note, unlike the example here, most roommates are not also co-tenants on the original lease. In the body of the email, state the following: Request for Lease Renewal: Clearly state that you are requesting a lease. Increasing Rent When Renewing a Month-to-Month Lease. Land Registry fees. Our offices are located in Brentford, Ealing, London Belgravia and Canterbury, all within easy reach by public transport. Date the lease extension request is submitted. The lease explains the rules for living in your unit. To: lender@bank. g. In many cases, you can open with 1-2 lines, explain your request in 2-4 lines, and conclude in 1-2 lines. The terms will include ground rent of £100 per annum (to double every 25 years). Provided the tenant meets the elibibility criteria, they have a legal right to renew their lease (extend the number of years remaining). Return completed Lease Extension Acceptance Form to L&Q with details of your solicitor. e. TEMPLATE DOCUMENT. Informal lease extensions, on the other. We have local RICS surveyors who specialise in lease extension valuations. Step 2: Decide on New Terms Determine the new rent amount, lease duration, and any other changes. The original contract must be followed when making monthly payments. 6 score on Trustpilot. Having gone through four years of college, graduating with a good GPA along with multiple summer research stints/internships, then applying to several US universities at considerable expense, and finally being rewarded with an acceptance letter from a respected. A reference to (or copy of) the original lease. Tenancy Services - Doing changes to an tenancy agreement. A lease is a legal document, so an lease extension letter send should may processed with the same floor of importance. Waiver Letter. If the tenant moves out before that date, they might need to pay break lease costs. The company must grant permission for. 3. The address of the rental property and unit number, if applicable. The duration of the lease will be 2 years. Below, you can find what a residential lease extension form typically looks like:Request Letter for Renewal of Lease Agreement - Sample… Request Letter for Extension of Employment Contract by… Request Letter for Renewal of Maintenance Contract - Sample… Request Letter for Property Valuation - Sample Letter… Request Letter to Landlord for Reduction in Rent - Sample… Request Letter for Issuance of. 01/05/2023 MSHDA 2022 Annual Certification Year End Reporting Memorandum The deadline for submission of the 2022 Owner's Certification for all LIHTC, 1602, TCAP, HOME, NSP and HTF developments is March 1, 2023. Appoint a solicitor, paying advance (£160, variable) and providing valuation and offer letter. This letter is to formally inform you that I will be terminating our rental agreement effective 1 st October 2020. The landlord is going to need some details to justify a lower rent payment, so provide the details. The missive must include: Singapore FinTech Association, Singapore Institute of. The letter should include: Your name, actual meet and ask information Writing a letter requesting an extension of time involves clear communication, a valid justification, and a demonstration of professionalism. ADENINE lease is a legal document, like a lease extension letter request should must treated at the same grade of importance. Your comments about the seller starting the process, and/or waiting 2 years relate to a. In fact, freeholders will soon likely be legally obliged to reduce ground rents to zero in lease extensions anyway. Download the form in the required file format. For more information, please see the lease extension page on our website. The letter should insert: Lease Extension Agreement1. Renewal of Insurance Policy: To negotiate new terms and an extension for insurance. Jeff and Karen Templin. I can assure you that I will be able to pay the rent by November 20th, plus any late fees associated with this delinquent rent. There is a slight difference in meaning. An early lease termination letter is a request sent by a tenant to a landlord or property management company asking for the early or premature termination of their agreement which is intended to end in a specific period or date. will reduce your ground rent to £0. It extends the terms of the original contract under the assumption that the car has not lost its value. The tenant was unable to pay at the proper period or the given time extension. you’re a mining tenant. As the terms of the acquisition of the. She owns the flat 100% with a mortgage but the block is owned by a housing assoc. This could be based as a percentage. Follow these steps to compose a letter that conveys your appreciation and commitment: Address the Employer: Begin your letter by addressing your employer or the relevant contact person. Below is a sample lease extension letter from a landlord. A rental and lease agreement is a document that outlines the arrangement between an owner of a property, known as the “landlord” or “lessor,” and someone who pays rent to occupy the property, known as the “tenant” or “lessee. Step 2 – Appoint a lease extension solicitor with expertise in the field and who is a member of the Association of Lease Extension Practitioners (ALEP). City, State, Zip Code. This template can be used for residential, commercial, or short-term leases. I am ready to pay more rent as the contract of tenancy allows you to raise the rent amount for another year in case you extend it. With an informal extension, the leasing company extends the lease for a relatively short term — typically six months or less — without a new lease agreement and with the same payment schedule as in your original contract. Leaseholders have a legal right for a lease extension of an additional 90. I have made payments of $200 per month for the past 18 months, and the loan is for 12 more months. This will include the length of the extended term, the premium payable for the lease extension, and any future ground rent payable. • advantage Tenant – can take time to find funds. Under Section 39 of The Leasehold Reform, Housing And Urban Development Act 1993 qualifying leaseholders have a statutory right to extend the remaining term on their leases. A lease is a law document, so a lease extension letter requirement should be addressed with the same level starting what. Length of the lease extension, including the proposed end date. Financial trouble. A lease is ampere legislative document, so an lease extension schreiben request should be treated with the similar level of importance. The letter should include: Form: Option to Renew Real-time Demesne Lease Project: Sample. The letter should include: Your name, actual address and contact. Date of Amendment: MM / DD / YYYY. Step 1: Review the Original Lease Check the original lease terms and conditions. Dear [Mention the full name of the recipient], I, [mention your name ], am writing this letter on behalf of my company/ organization [mention the name of the company/organization]. Whilst negotiating an informal lease extension, the freeholder may attempt to increase ground rent or introduce additional charges as part of the agreement. Reasons for extension. 7. The letter should include: Your name, current address and contact information. To request a lease extension, submit a informal letter containing select the pending item your landlord needs to manufacture adenine deciding. Free Rental agreement renewal letter. This is the statutory lease extension allowance, but there may be occasions where the term can be less, and this will be dependent on whether we own the freehold of your home. State the Purpose: Clearly state the purpose of your letter – that you are requesting an extension of time to complete a. Make sure to include the reason and the duration of the extension. What is a Leave Extension Letter? Answer: A leave extension letter is a formal document that follows up on a previously approved leave application, often seeking an extension of the leave due to an unforeseen circumstance (such as a sudden illness). Lease extension costs. Valuer. The terms will include ground rent of £100 per annum (to double every 25 years). August 22, 2022 July 14, 2021. The letter should include: State of Georgia Rental Assistance ProgrammerA brief overview of the statutory process is explained below: 1. Address and date are the headers of most business letters. They can be contributed by sending to editor@armywriter. A review of our current rental records shows that your lease will expire on DATE for the unit located at 9090 Old Church Way. Effective [DATE] your monthly rent will increase by [AMOUNT]. To pursue this route, leaseholders must proceed in accordance with the 1993 Act, which. You may be willing to agree a joint instruction of one valuer who will provide. Rental and Lease Agreement Templates. Usually, you would be responsible for covering L&Q’s solicitors costs and your own legal fees when extending your lease, however, as part of our current. Ref: Lease agreement, 10/08/2020. Dear Mr Mahajan, This letter is a formal request to renew the lease on the property at the above address for another three years. There’s no. In the first paragraph, it should clearly state that it is requesting an appeal for being denied the rent or lease of an apartment and give the apartment’s address. You get a 90 year extension of the existing lease term. Statutory Route Lease Extensions The statutory lease extension process. I would like to amend that date to end on [new date]. Download and use this template to write a letter to the lessor asking to extend your lease. Informal Letters: Resignation Letter: Informal Letter Format: How to Write: Cover Letter Sample: Recommendation Letter:. uk. 36 Best Lease Renewal Letters & Forms (Word & PDF) A lease renewal agreement is a necessary document if you are managing a property that you rent out. No need to create a letter from scratch — simply use Jotform Sign’s ready-made Early Lease. Length of the lease extension, including the proposed end date. You will find that like your original finance documents a formal extension will have a set monthly rental payment, an agreed-upon mileage allowance and be for a set period of time. Tribunal judge Nicholas Nicol rejected the claim of Mr Moskovitz and his appointed block manager Yaron Hazan, of Y and Y Management, that the anarchic situation at the Bridge Court car park, which endured for nine years, resulted from the behaviour of difficult leaseholders, their rental tenants or the supposedly downmarket nature of the. May 4, 2023 by Rahul Panchal. Fill in the blank with your full name. Free. com or by pasting into the form below. Contact the freeholder to request a lease extension. The behind-the-scenes concern of senior politicians over managing agent Joseph Gurvits broke into the open yesterday when he was named in the House of Commons. Look for Customizable Templates. Formal lease extension For a formal lease extension, on the other hand, you have to sign a change to the lease. Other terms may also change when a contract is extended (such as pricing). Up request a lease extension, offer a formal letter containing all the appropriate view your landlord needs to make a deciding. Add All the Necessary Details as Part of Your LOI’s Body. 00. Your name, current your and contact information; Date the lease extension request is submitted; Length concerning the lease extension, including the proposed finalize date; Reasons on extension; Date by which you need a decision, usually 10 life to two. Dates: February 14, from 9am to 11pm.