Property Management
In Missouri, a 'lease renewal' versus a 'new lease' is important because:
AThey are always legally identical
BA renewal typically continues existing terms while a new lease may have significantly different terms, requiring new disclosures✓ Correct
CMREC approves all lease renewals
DSecurity deposits must be refunded at renewal
Explanation
Lease renewals in Missouri typically continue the original lease terms (or with modest adjustments), while new leases represent fresh negotiations. Depending on the type, different notice requirements, disclosure obligations, and lead-based paint disclosure requirements may apply.
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