A lease extension amendment is used to continue a property’s lease term beyond its original expiration date. The amendment specifies the duration of the lease extension and any rent modifications while preserving the provisions of the original lease.
A lease extension amendment is used to continue a property’s lease term beyond its original expiration date. The amendment specifies the duration of the lease extension and any rent modifications while preserving the provisions of the original lease.
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A lease extension amendment is used to continue a property’s lease term beyond its original expiration date. The amendment specifies the duration of the lease extension and any rent modifications while preserving the provisions of the original lease.
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While a lease extension and renewal both prolong a tenancy’s duration, there are key differences between the two.
Whether a lease term expires or not can have legal effects on the tenant and landlord’s rights and duties.
1. THE PARTIES. This Lease Extension Amendment (“Amendment”) made this [MM/DD/YYYY] , is by and between:
Landlord: [LANDLORD’S NAME] (“Landlord”).
Tenant: [TENANT’S NAME] (“Tenant”).
Landlord and Tenant are each referred to as a “Party” and, jointly, as the “Parties.”
2. EXISTING LEASE. The Parties agree to amend a lease signed by both the Landlord and Tenant on [MM/DD/YYYY] , (“Existing Lease”) for the property located at [PROPERTY ADDRESS] (“Property”).
3. AMENDMENTS. The Parties hereby acknowledge the following:
The Existing Lease shall be extended for a period of [# OF MONTHS/YEARS] ☐ Months ☐ Years.
All other terms of the Existing Lease shall remain in full force and effect.
IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first written above.
Landlord’s Signature: ___________________ Date: ___________
Print Name: ___________________
Tenant’s Signature: ___________________ Date: ___________
Print Name: ___________________
