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Free forms can be found on RentCompare.com Extension of Lease Agreement Extension of Lease Agreement made by and between:, Landlord and, Tenant, relative to a certain lease agreement for premises

How to fill out extension of lease agreement

How to Fill Out an Extension of Lease Agreement:

1. Make sure the original lease agreement is still active: Before considering an extension of lease agreement, it is crucial to confirm that the original lease agreement is still active and has not expired. Extensions can only be made if the original lease is still in effect.
2. Gather the necessary information: To fill out the extension of lease agreement, you will need to collect essential information such as the names of all parties involved (landlord and tenant), the original lease start and end dates, and any specific terms or conditions that need to be addressed in the extension.
3. Determine the extension period: Decide on the length of the extension period. This can be specified in terms of months, years, or a specific date. Ensure that both parties agree on the duration of the extension, as it will dictate how long the lease will continue.
4. Include any amendments or modifications: If there are any changes or modifications to the original lease agreement, such as adjustments in rent, additional clauses, or updated terms, make sure to include these in the extension. Clearly state the amendments and ensure that both parties understand and agree to these changes.
5. Draft the extension of lease agreement: Begin drafting the extension using a formal and professional language. Include the necessary information gathered in step 2 and clearly state that this document is an extension of the original lease agreement. Ensure that all parties involved sign and date the extension.
6. Retain copies of the extension: Make copies of the filled-out extension for both the landlord and the tenant. It is crucial to keep these records for future reference or potential disputes. Both parties should have access to a copy and retain it for their records.

Who needs an extension of lease agreement?

1. Tenants seeking to extend their stay: When tenants wish to prolong their lease period beyond the original agreement's end date, they need an extension of lease agreement. This allows them to continue occupying the rental property for a specified duration.
2. Landlords willing to extend the lease: Landlords who are open to extending the lease period for a tenant may also require the use of an extension of lease agreement. This document helps outline the terms of the extension and ensures that both parties are aware of their responsibilities and rights during this extended period.

In summary, filling out an extension of lease agreement involves confirming the original lease's active status, gathering necessary information, determining the extension period, documenting any amendments, drafting the extension itself, and retaining copies for all parties involved. Both tenants seeking to extend their stay and landlords willing to extend the lease require an extension of lease agreement to outline the terms and conditions of the continued arrangement.

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What is extension of lease agreement?

Extension of lease agreement is a legal document that extends the duration of a lease beyond its original expiration date.

Who is required to file extension of lease agreement?

The landlord and tenant are both required to file an extension of lease agreement.

How to fill out extension of lease agreement?

To fill out an extension of lease agreement, both parties should include the new end date of the lease, any changes to terms, and both parties should sign the document.

What is the purpose of extension of lease agreement?

The purpose of extension of lease agreement is to continue the lease beyond the original expiration date without the need to create a completely new lease agreement.

What information must be reported on extension of lease agreement?

Information such as the new end date of the lease, any changes to terms, signatures of both parties, and any additional terms or conditions must be reported on the extension of lease agreement.