A Condo Lease Renewal Agreement is a legally binding contract between the landlord (lessor) and the tenant (lessee) that outlines the terms of a tenant’s lease renewal. It explicitly sets out the monthly rent, any applicable fees, and other important details such as the number of occupants allowed on the property, the length of stay, parking availability, insurance requirements, lease termination procedures, and other rules and regulations. It should also include information about any amenities or services being provided by the landlord. This agreement must be signed by both parties prior to occupancy and serves as an enforceable document outlining the rights and responsibilities of both the landlord and the tenant.