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Including the terms of renewal and any changes in rental conditions or pricing in a lease renewal notice is essential because it provides the tenant with all the necessary information to make an informed decision about continuing their tenancy. It clearly outlines what the tenant can expect if they choose to renew the lease, including any modifications to the existing terms, such as increases in rent, alterations in lease duration, or adjustments to rules and regulations. This transparency fosters good communication between the property management and the tenant, helping to avoid any misunderstandings about the commitment being entered into.

On the other hand, changes in tenant preferences, copies of past lease agreements, and a summary of community events may be valuable information, but they do not directly pertain to the legal and financial commitments involved in the lease renewal. It's not standard practice to include these aspects in a lease renewal notice since they do not impact the essential terms of the upcoming lease period.