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🔄 Leasing

Lease Renewals
Step-by-Step Guide

Track upcoming expirations, send renewal offers with updated terms, and get leases re-signed — all without the back-and-forth.

Renew a Lease

From identifying upcoming expirations to getting the new lease signed.

1

Review the Renewal Pipeline

Go to Leases → Renewals to see all leases expiring in the next 30, 60, and 90 days. The pipeline groups leases by urgency with color-coded status badges.

2

Decide on Updated Terms

Review current rent amount, market conditions, and tenant history. Decide on rent adjustments, lease length, and any updated clauses.

3

Create a Renewal Offer

Click "Create Renewal" on any expiring lease. Set the new rent, term length, and any modified terms. You can offer multiple options (e.g., 6-month vs 12-month).

4

Send the Offer to Tenant

The tenant receives an email with the renewal offer details. They can accept, negotiate, or decline directly from the platform.

5

Tenant Accepts & Signs

Once the tenant accepts, a new lease is generated with the updated terms. Both parties sign electronically using the same eSignature flow.

6

New Lease Activates

The renewed lease automatically replaces the expiring one. Payment schedules, due dates, and tenant records update accordingly.

The Renewal Pipeline

See upcoming expirations at a glance and manage the entire renewal workflow.

myrentalspot.com/leases/renewals
Lease Renewals
3 Expiring ≤30d 5 Expiring ≤60d 4 Expiring ≤90d
⚠️ Expiring Within 30 Days
SM
Sarah Martinez — Unit 2B
Expires Mar 1, 2026 · Current: $1,550/mo · 14 days left
Offer Sent
View
JW
James Wilson — Unit 1A
Expires Mar 10, 2026 · Current: $1,550/mo · 23 days left
Accepted
Send Lease
AT
Amy Thompson — Unit 5A
Expires Mar 15, 2026 · Current: $1,400/mo · 28 days left
No Offer Yet
Create Offer
📅 Expiring Within 60 Days
KP
Kevin Park — Unit 3C
Expires Apr 15, 2026 · Current: $1,600/mo · 59 days left
No Offer Yet
Create Offer
Renewal Pipeline — color-coded urgency with offer status tracking per tenant
myrentalspot.com/leases/renewals/create
Create Renewal Offer
Sarah Martinez — Unit 2B, Riverside Apartments
Current Lease
Rent
$1,550/mo
Term
12 months
Expires
Mar 1, 2026
Renewal Offer
New Rent
$1,625.00 (+4.8%)
New Term
12 months
Start Date
March 1, 2026
End Date
February 28, 2027
Personal Message (optional)
Hi Sarah, we'd love to have you continue! Here's your renewal offer...
Cancel
Send Renewal Offer →
Create Renewal Offer — set new rent, terms, and include a personal message

Renewal Tips

Maximize retention and minimize vacancy.

Start Early (60–90 Days)

Send renewal offers 60–90 days before expiration. This gives tenants time to decide and gives you time to re-list if they decline.

📊

Research Market Rates

Check comparable rents in the area before setting your renewal price. A competitive rate increases acceptance.

🎯

Offer Multiple Options

Give tenants a choice — 6-month vs 12-month terms, or month-to-month at a higher rate. Flexibility increases renewals.

💬

Communicate Personally

A personal message with the offer makes tenants feel valued and increases the likelihood of renewal.

See Communications Feature →

Common Questions

About lease renewals.

You can send reminders from the renewal pipeline. If the lease expires without renewal, it may convert to month-to-month depending on your state laws and original lease terms.
Yes. Tenants can respond to the offer with a counter-proposal via messaging. You can then adjust and resend the offer.
This depends on your state and local laws. Some areas have rent control limits. My Rental Spot will flag if your increase exceeds known state limits.
Yes, the renewal generates a new lease using your current state template with the updated terms. You can make additional changes before sending for signing.

Keep Great Tenants Longer

Streamline renewals with automated pipelines and digital offers.

myrentalspot.com