Do I have to renew at the same rent?
No — a renewal is a chance to set new terms, including rent, subject to any local rent-stabilization or rent-control rules and the notice period required to change terms.
From the guide Lease Renewals & Amendments.
Renewing a lease
- Start from the existing lease rather than rebuilding it.
- Adjust rent, term, and any updated terms.
- Send for e-signature the same way as a new lease.
Read the whole guide: Lease Renewals & Amendments