How to renew or extend an existing lease agreement.
When a lease is approaching its end date, you'll want to either renew it or let it expire. Domara makes renewal straightforward.
How to renew
- Go to Leases and find the expiring lease
- Click New Lease and select the same property, unit, and tenant
- Update the dates to reflect the new term (e.g., extend by 12 months)
- Adjust rent amount if needed
- Generate and send for signature
The new lease will replace the old one once both parties sign.
Tips
- Raise rent at renewal — update the rent amount in the new lease terms
- Start early — send renewals 60-90 days before expiration so tenants have time to decide
- Domara notifies you — you'll get alerts when leases are approaching expiration
- Month-to-month — if you want to switch to month-to-month, set the end date accordingly
Still have questions?
Our AI assistant can help, or reach out to our team directly.