Lease Extension Agreement Word Document A Lease Extension Agreement is a legal document between a landlord and a tenant that extends a lease beyond its initial end date Unlike a Lease Renewal a lease extension adds an addendum to the current lease with negotiable terms and does not create a new contract with new terms
A lease extension addendum is a contract that further extends the term of an existing lease agreement The addendum will establish a new lease termination date that both the landlord and tenant agree to An agreement between the landlord and tenant to extend the original lease is known as a lease renewal extension agreement Under this type of agreement both parties agree on contract changes that may be more favorable for one party If the original lease is to be renewed it should be communicated 30 to 90 days prior to its termination date
Lease Extension Agreement Word Document
Lease Extension Agreement Word Document
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Printable Lease Extension Agreement
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FREE 8 Lease Extension Agreements In PDF MS Word
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Last revision 11 19 2023 Formats Word and PDF Size 1 to 2 pages 4 8 907 votes Fill out the template This Lease Renewal Agreement is a document used for a Landlord and Tenant to extend the term of a Lease that is about to expire for an additional term A lease renewal agreement is a document that allows a landlord to extend the current rental period with a tenant This form modifies the original lease agreement s expiration date while maintaining some originally established terms The landlord can make changes to reflect new terms they want to implement Table of Contents
Download Print 100 Free available Lease Extension Agreement Template Created by Lessor FirstName Lessor LastName Lessor Company Prepared for Lessee FirstName Lessee LastName Lessee Company Landlords and tenants can continue a lease agreement beyond its end date using a lease extension agreement Landlord and Tenant hereby agree to extend the Original Lease for the following term Insert Time Period The renewed lease will begin on Insert Date and will end on Insert Date hereinafter referred to as the Renewal Term 6 Tenant shall pay to Landlord rent payments of Insert Amount each month 7
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LEASE EXTENSION Template In Word And Pdf Formats
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The parties agree that the aforementioned lease agreement shall be extended for a period of Months Years with the monthly rent to be in the amount of All other terms and conditions of the lease agreement shall remain in effect in respect for the obligations of both parties Landlord Lessor Signature Jul 16 2021 In this article How to renew a lease When should you send a lease renewal letter How to write a lease renewal letter Why is it beneficial to renew a lease How to keep your current tenants Does a landlord have to renew a lease What if your tenant wants to negotiate the lease renewal terms
A lease extension agreement is a written contract between a landlord and tenant that extends the length of an existing rental agreement It s used when the original term expires or when there needs to be a gap between tenancy periods The renewed lease retains the terms and conditions of the original lease unless modifications are incorporated The following steps can be followed to execute a lease extension addendum Review the original lease Draft addendum with a new lease termination date and any additional terms if applicable Sign the document and deliver it to the other party The terms are negotiated and the other party signs the document
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Lease Extension Agreement Word Document - A lease extension is a formal agreement between two parties who are typically landlords and tenants to extend the conditions and terms of a pre existing lease agreement