Lease renewal: how to renew your lease

As your lease term approaches its end, you might be wondering what comes next. For many renters, renewing your lease offers the comfort of staying in a familiar space without the stress of relocating. Whether you love your apartment, want more time to plan your next move, or simply prefer the stability of an extended lease, the renewal process is a practical and popular choice.

In this guide, we’ll explain how to renew your lease, what the timeline looks like, and how to communicate with your property team to ensure a smooth lease renewal experience.

What is a lease renewal?

A lease renewal is an agreement between you and your property manager to enter a new lease, extending your stay. A new lease renewal agreement may maintain or introduce updated rent amounts, lease durations, or policies.

Unlike moving to a new apartment, renewing your lease allows you to keep your current unit, minimize moving expenses, and maintain continuity in your daily life.

How to renew your lease

Greystar communities are designed to support long-term resident satisfaction. That includes a clear and convenient lease renewal process. If you’re interested in staying in your current apartment, here’s how to renew your lease:

Step 1: look for renewal notices 

Most residents will receive a lease renewal notice well before the lease end date. If you're asking, "How long do you have to renew your lease?" the answer will vary depending on your community. This period is covered by the lease terms and local law. The notice will usually outline your renewal options, including updated rental rates and new lease lengths.

Step 2: review the lease renewal agreement carefully 

Before signing, take time to read through the lease renewal agreement. This document will include important details such as the new monthly rent, start and end dates, and any adjustments to rules or responsibilities. If anything is unclear, reach out to your leasing office.

Step 3: decide whether to renew or move 

Once you've reviewed your options, consider what works best for your lifestyle and budget. Do you need more flexibility? Would you prefer a shorter lease term? This is the right time to ask your property manager about alternative options or modifications.

If you're wondering how to ask your property manager to renew your lease, the best approach is direct communication: a phone call, an in-person meeting, or an email expressing your intent to stay.

Step 4: sign and return the agreement 

If you decide to renew, your leasing team will walk you through the signing process, either digitally or in person. Be sure to return your signed lease renewal agreement before the stated deadline to avoid charges or misunderstandings. Once it’s signed, your renewal is confirmed, and you can continue enjoying your home with peace of mind.

FAQs about the lease renewal process

What if I’m not ready to decide yet? 

If you’re unsure, don’t ignore the renewal notice. Contact your leasing office and ask whether you can have extra time to decide or if month-to-month options are available. Keep in mind that waiting too long may limit your options or lead to changes in pricing or availability.

Can I make changes when renewing my lease? 

In some cases, yes. If you’d like to switch to a different lease term or add a roommate to your lease, those requests should be submitted early. Your leasing team can help you understand what’s possible and update your agreement accordingly.

Why renewing your lease might be the right move

There are many reasons to consider renewing your lease:

• You love your current apartment and want to avoid the hassle of moving.
• You’re happy with your location, commute, and local community.
• You want to maintain the rental history and avoid credit checks or application fees.
• You’re planning a bigger move in the future and want a little more time to prepare.

Whatever your reason, lease renewal is often a simpler, more cost-effective solution than starting over somewhere new.

Love living at Greystar? Renew your lease to stay with us!

Renewing your lease doesn’t have to be complicated. At Greystar, we make the process as transparent and straightforward as possible so you can focus on what matters most—feeling at home. Whether you’re preparing for another year in your apartment or still weighing your options, we encourage you to reach out early, ask questions, and work with your leasing team to make the best decision for your lifestyle.

For questions about your property's lease renewal process, contact your Greystar property management team!