beginning on the first day following the last day of the Residential Rental Agreement / Lease referenced above and pursuant to the same terms and conditions as contained in the Residential Rental Agreement. Any renewal shall be subject to any increase (if any) in rental rates along with any additional terms and conditions, as required by Landlord / Agent. Any renewal of the rental agreement will be a new agreement that must be signed by all parties.
Tenant understands that there is a $100 Renewal Fee payable to Mega Agent Rental Management LLC. This fee will be added to your tenant ledger at the time of renewal.
Tenant further understands that the Landlord / Agent is under no duty to renew or extend the Residential Rental Agreement / Lease.