confusedrenter1
Junior Member
What is the name of your state (only U.S. law)? Colorado
In October 2004, I signed a lease agreement for a term of 9.5 months. After this term expired, the landlord never approached us about renewing or signing a new lease. The exact verbage of the RENEWAL TERM in the lease is as follows:
It is the intent of both parties that this lease is for a term of 9.5 months to start and then for a term of 12 months after that renewable every year on the same month of each year. Tenant may terminate this agreement by a) Giving Landlord at least 30 days notice in writing; plus b)All monies due through the date of termination; plus c)Returning residence in a clean, ready to rent condition. Should the Tenent breach this lease, both the 1st month's rent and the indemification deposit shall be forfeit as liquidated damages.
Does a renewed lease have to be signed in the State of Colorado or can it be implied? Can we provide 30 days notice and avoid legal ramifications or other costs?
In October 2004, I signed a lease agreement for a term of 9.5 months. After this term expired, the landlord never approached us about renewing or signing a new lease. The exact verbage of the RENEWAL TERM in the lease is as follows:
It is the intent of both parties that this lease is for a term of 9.5 months to start and then for a term of 12 months after that renewable every year on the same month of each year. Tenant may terminate this agreement by a) Giving Landlord at least 30 days notice in writing; plus b)All monies due through the date of termination; plus c)Returning residence in a clean, ready to rent condition. Should the Tenent breach this lease, both the 1st month's rent and the indemification deposit shall be forfeit as liquidated damages.
Does a renewed lease have to be signed in the State of Colorado or can it be implied? Can we provide 30 days notice and avoid legal ramifications or other costs?