Renewal Fee
Money paid by the tenant to the landlord when the rental agreement is renewed to continue the lease. It is usually equivalent to 1 to 1.5 times the monthly rent, and is paid every 2 years for a 2-year contract period.
Money paid by the tenant to the landlord when the rental agreement is renewed to continue the lease. It is usually equivalent to 1 to 1.5 times the monthly rent, and is paid every 2 years for a 2-year contract period.