Lease Agreement Does Not Cover the Current Fiscal Year: What to Do?
When it comes to signing a lease agreement, it`s important to read the terms carefully and thoroughly. However, despite your best efforts, it`s possible that you could overlook a crucial detail that may have an impact on your tenancy. One such detail could be whether the lease agreement covers the current fiscal year.
If your lease agreement does not cover the current fiscal year, you may be wondering what your options are. Here are some steps to take:
1. Review the lease agreement carefully
The first step is to review your lease agreement carefully to determine when the fiscal year starts and ends, and whether the lease agreement covers the current fiscal year. If the lease agreement does not cover the current fiscal year, you should check to see if the agreement provides for any options to renew or extend the lease.
2. Consult with your landlord
If you find that your lease agreement does not cover the current fiscal year, the next step is to consult with your landlord. You should explain the situation and ask if they are willing to renegotiate the lease agreement to include the current fiscal year. If your landlord agrees, you will need to work together to discuss and negotiate the terms of the new lease agreement.
3. Consider legal advice
If your landlord is not willing to renegotiate the lease agreement, you may need to consider seeking legal advice. A lawyer can review your lease agreement and provide guidance on your legal options. They may also be able to negotiate on your behalf with your landlord to secure a lease agreement that covers the current fiscal year.
4. Know your rights
It`s important to know your rights as a tenant. In some cases, you may be able to break your lease agreement if your landlord is in breach of contract. However, breaking your lease agreement should be considered a last resort and should only be done after seeking legal advice.
In conclusion, if your lease agreement does not cover the current fiscal year, you should review the agreement carefully, consult with your landlord, seek legal advice if necessary, and know your rights as a tenant. By taking these steps, you can ensure that you are protected and can confidently navigate any challenges that may arise during your tenancy.