I don't have them sign a new Lease (because my Lease is fabulous:>). I have them sign a Lease Extension Addendum:
LEASE EXTENSION ADDENDUM
XXXXXX Properties LLC hereby offers renewal of the current Lease to (Tenant's Name) for the rental property in which he currently resides at 1234 XXXXX Drive, XXXXXX, Indiana 46XXX. All Lease Terms of the Original Lease effective June 2006 remain in effect:
_________________(Tenant Signature here) I request and agree to a ONE YEAR Lease Extension (all terms to remain the same as the original Lease, including the monthly rental amount of $XXX per month, due on or before the first of the month (OR EXCEPT THE MONTHLY RENTAL AMOUNT WHICH IS NOW $XXX, due on or before the first of the month), to commence on June 1, 2008.
Please acknowledge the date of signature here: __________________________2008
ACCEPTED BY XXXXX Properties LLC. ________________________________2008
(XXXXXX- my name)