Lease Extension Agreement Template

A Lease Extension Agreement Template is a document used to extend the term of a lease agreement between a landlord and a tenant. It outlines the new terms and conditions that will be in effect for the extended lease period.

The Lease Extension Agreement template is typically filed by the landlord or property owner.

FAQ

Q: What is a lease extension agreement?A: A lease extension agreement is a legal document used to extend the term of an existing lease.

Q: When should I use a lease extension agreement?A: You should use a lease extension agreement when you want to extend the term of your current lease.

Q: What does a lease extension agreement include?A: A lease extension agreement typically includes details about the current lease, the new extension term, and any changes to the terms or rental amount.

Q: How do I create a lease extension agreement?A: You can use a lease extension agreement template or consult with a lawyer to create a lease extension agreement.

Q: Do both parties need to sign a lease extension agreement?A: Yes, both the tenant and the landlord need to sign a lease extension agreement for it to be legally binding.

Q: Can I negotiate the terms of a lease extension agreement?A: Yes, you can negotiate the terms of a lease extension agreement with the landlord.

Q: How long can a lease extension term be?A: The length of a lease extension term can vary depending on the agreement reached between the tenant and the landlord.

Q: Can a lease extension agreement increase the rental amount?A: Yes, a lease extension agreement can include an increase in the rental amount, but it needs to be agreed upon by both parties.

Q: Is it necessary to have a lease extension agreement notarized?A: Notarization requirements for a lease extension agreement vary by state. It's best to check with local regulations for specific requirements.

Q: What happens if a lease extension agreement is not signed?A: If a lease extension agreement is not signed, the original lease terms will continue to apply until a new agreement is reached or the lease expires.