Extension of Lease Agreement Template

An Extension of Lease Agreement Template is used to extend the duration of an existing lease agreement between a landlord and a tenant. It is used when both parties agree to continue the lease beyond its original term.

The tenant typically files the extension of lease agreement template.

FAQ

Q: What is an extension of lease agreement?A: An extension of lease agreement is a legal document that extends the duration of an existing lease.

Q: When do I need an extension of lease agreement?A: You may need an extension of lease agreement when both the landlord and the tenant agree to extend the lease beyond its original term.

Q: What should be included in an extension of lease agreement?A: An extension of lease agreement should include the names of the landlord and the tenant, the address of the property, the original lease term, the new duration of the extended lease, and any revised terms or conditions.

Q: Is an extension of lease agreement legally binding?A: Yes, an extension of lease agreement is a legally binding contract between the landlord and the tenant.

Q: How long can an extension of lease agreement be?A: The length of an extension of lease agreement can vary and is typically agreed upon by both parties. It can be for a few months, a year, or even longer.

Q: What happens if the landlord does not agree to an extension of lease?A: If the landlord does not agree to an extension of lease, the tenant may have to move out at the end of the original lease term or negotiate a different agreement with the landlord.

Q: Can the rent be increased in an extension of lease agreement?A: Yes, the rent can be increased in an extension of lease agreement if both parties agree to the new terms.

Q: Can an extension of lease agreement be terminated early?A: An extension of lease agreement is a binding contract, so it can only be terminated early if both parties agree or if there are specific termination clauses outlined in the agreement.