We recieved lease renewal letter from our landlord today, asking us to sign it. Lease expires in 3 month. She wants us to sign 12 months lease. We are looking for a house to buy and we not sure when we gonna find it. What if we find a house after month or two after signing the lease? If after explaining the circumstances, the landlord still insists we have to sigh, do we have to do it right away or we can do it right before it expires. Can we tell her we are moving out and than change our mind? What is the best way not to sigh the lease now?
You already asked this question earlier today and received two answers. Your current lease may contain a provision describing how much notice you must give your landlord regarding your intention to terminate your tenancy and not renew your lease. Therefore, you must use that as your guide if there is such a provision in the lease. If it requires you to give 60 days' notice, then you have one month to make up your minds as to whether or not you will sign a new yearly lease. You may need to speed up your search for a home to purchase or arrange for temporary housing if you cannot find a property right away and the landlord refuses to allow you to remain on a month-to-month basis.
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