Lease Expiration and Renewal Information
Is your lease expiring soon?
There are a few possibilities with your upcoming lease expiration:
- You may be able to renew your lease for another 12 month lease term. A 7-11 month lease term may be negotiated at a higher rental rate but permission must be granted by the property owner at least 30 days prior to the end of the lease agreement to vary from the lease renewal offer terms.
- You may give written 30 days' notice per the lease agreement to vacate the property before the end of your lease term.
- You may be given a notice of non-renewal from the property owner and a notice to vacate the property before the end of the lease term.
- You can request a short-term month-to-month extension for a specific amount of time. There is a month-to-month fee of $50 in addition to the market rent. You must request the month to month extension with at least 30 days advance notice. We cannot guarantee this option is available as this is provided with owner’s discretion.
You will receive written notification of a renewal offer within 45 days prior to your lease expiration or notification of a non-renewal of the lease term 30 days prior to your lease expiration. The renewal offer letter will outline your lease expiration date and any changes in rents, as well as options for renewal.
Your property manager will be able to better answer your questions about your upcoming lease renewal, but please remember, we need the owner’s approval to make any alterations or extensions.
Ready to Renew Your Lease or Submit Notice to Vacate?
Did you receive the renewal offer letter and are you ready to request a lease extension?
Request Renewal
Let us know your intentions in regard to the upcoming expiration of your lease agreement using the form below or reach out to our office via email to be connected with your property manager. Remember, as we do not own the property that you lease, we are unable to make determinations or negotiations for renewal without speaking to the property owner so please make plans and contact us in advance.
Notice to Vacate
If you are planning on vacating at the end of the lease term, you must submit a move out notice in writing at least 30 days in advance. For more information on the move out process and to submit your move out notice, see Move Out Notice & Information.
Lease Renewal & Update Form
Resident Benefits Package with Required Insurance
Please note, as of December 2024, renters’ liability insurance is required, and tenants may opt into the Resident Benefits package to include HVAC air filter delivery and on demand pest control for $45 per month. More information below.
The Realty Masters of Florida Resident Benefits Package (RBP) for $11.95/month which includes liability insurance; residents have the option to opt into an upgraded RBP package that includes liability insurance, HVAC air filter delivery (for applicable properties), & on demand pest control for ($45.00/month). By applying, Applicant agrees to be enrolled into their selected RBP Package and to pay the applicable cost of that selected RBP Package, payable with rent. Your RBP may include, subject to property mechanicals or other limitations:
- HVAC air filter delivery directly to your door approximately every 60 days
- Liability Insurance that meets all lease requirements from an A-rated carrier
- On-Demand Pest Control that includes an innovative pest control service that provides an effective, reactive, and targeted approach to pest control
- 24/7 online maintenance reporting
- Online portal that includes access to your account, documents, communication and payment options
Liability Insurance Requirements and Options:
The Landlord requires Tenant to obtain liability coverage of at least $100,000 in property damage and personal liability from an A- rated carrier and to maintain such coverage throughout the entire term of the lease agreement. Tenant is required to furnish Landlord evidence of the required insurance prior to occupancy, at the time of each lease renewal period, and upon request.
To satisfy the insurance requirement, Tenant may either (1) be automatically enrolled into the Landlord or Property Manager’s Master Policy that satisfies the coverage requirements as part of the RBP; or (2) obtain alternative liability coverage from an insurer of Tenant’s choice that meets the requirements set by the Landlord herein. The option Tenant chooses shall not affect whether Tenant’s lease application is approved or the terms of Tenant’s Lease. Tenant’s election shall be determined by the actions of the Tenant as provided below:
Master Policy (Automatic Enrollment) – If the Tenant does not provide evidence of the required insurance coverage by the Lease commencement date, Tenant has elected to be automatically enrolled into an insurance policy as part of the RBP. Coverage will begin on the effective date of Tenant’s lease and continue throughout the term of the Lease. The monthly premium for the elected insurance policy is $11.95. Please refer to the evidence of insurance that is supplied by Realty Masters of Florida for additional coverage details.
Option 2: Tenant Policy (Policy Verification Required) - Tenant has elected to find, purchase, and maintain Tenant’s policy that satisfies the Landlord’s coverage requirements. Tenant must provide evidence of the required insurance coverage by the Lease commencement date. The RBP Fee will be adjusted accordingly. Visit http://insurance.residentforms.com/ and follow the instructions listed there to provide evidence of the required insurance coverage to your Landlord.
Please be sure that your policy meets the following criteria prior to submitting:
- Policy is purchased from an A- rated carrier
- Policy meets or exceeds the required $100,000 in property damage and personal liability
- Realty Masters of Florida is listed as additional interest
- InsuranceSupport@SecondNature.com is also listed as additional interest, if carrier allows
- Realty Masters of Florida address is listed as: PO Box 660121 Dallas, TX 75266
It is Tenant’s sole responsibility to timely pay premiums directly to the Tenant’s insurance provider to avoid cancellation of coverage. If the policy is canceled or lapses at any time during the term of the Lease, Tenant shall be subject to a lease violation fee of $25 and agrees to be subsequently enrolled into the policy referenced in Option 1 above.
Consent to Receive SMS Messages: Tenant consents to receive SMS messages (including text messages), and telephone calls (including prerecorded and artificial voice and autodialed) from the Landlord and the RBP Providers at the specific number(s) provided to the Landlord, with service-related information, account information or questions, and/or marketing information. The Tenant represents that the Tenant is permitted to receive calls and text messages at the telephone number provided to the Landlord by the Tenant. Standard message and data rates may apply. SMS messaging services may be modified from time to time, for any reason, and without notice, including the right to terminate SMS messaging with or without notice, without liability to the Tenant.
NOTE: The total monthly cost of the Resident Benefits Package is all-inclusive, and no discounts will be given if any element of the package is unavailable due to a lack of HVAC or another limitation at a specific property. All services are subject to the terms and conditions of the Resident Benefits Package Lease Addendum.