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This document serves as an agreement between the City of Stillwater, Oklahoma and Oklahoma State University to extend a lease agreement for an additional period from July 1, 2010, to June 30, 2011.

How to fill out extension and amendment of

How to fill out EXTENSION AND AMENDMENT OF LEASE AGREEMENT

1. Review the original lease agreement to understand the terms and conditions.
2. Identify the specific sections that need to be extended or amended.
3. Draft the extension and amendment document, clearly stating the changes to the lease.
4. Include the names of all parties involved in the lease agreement.
5. Specify the new lease term or any other amendments to be made.
6. Ensure that both parties sign and date the agreement.
7. Keep a copy of the signed agreement for record-keeping.

Who needs EXTENSION AND AMENDMENT OF LEASE AGREEMENT?

1. Landlords who wish to extend or change the terms of an existing lease.
2. Tenants who want to negotiate changes to their lease agreement.
3. Real estate professionals assisting clients with lease negotiations.

People Also Ask about

How do you write an option to extend a lease?

(a) Lessee is hereby granted and shall, if not then in default under this Lease, have an option to extend the term of this Lease for an additional twelve (12) months (the “Extended Term”) on the same terms, covenants, and conditions contained in this Lease, except that the rent to be paid by Lessee to Lessor shall be

Is an addendum the same as an amendment?

An addendum is typically used to add new information or terms to an existing document without altering the original content. It acts as a supplementary attachment that becomes part of the agreement. On the other hand, an amendment is used to modify, delete, or update specific terms within the original document.

What is the difference between renewal and extension of a lease?

The grant of a lease pursuant to an option to renew creates a new interest, whereas the extension of the term keeps the old term in being, with the consequence that the original tenant is bound by the extension, even where the option is exercised by an assignee.

How can a lease be amended?

A lease cannot be varied unless all relevant parties agree to it. Without this agreement, you can't proceed.

What is the difference between an amendment and an agreement?

An amendment will alter an aspect of your original agreement. An addendum, however, will add something that was not part of the original contract. It is important to understand the distinction between the two, so you fully understand the details that you're agreeing to.

What is the difference between addendum and modification?

Modifications are often made to lower monthly payments or to extend the loan term. A corrective addendum is used to make changes to an already existing loan agreement to correct an error.

Is an amendment or addendum to a closing date?

Changing Closing Date: Amendments are useful for altering the agreed-upon closing date in real estate transactions. Addendum for Additional Items: When adding items like furniture or appliances to the property sale, an addendum can be used.

What is the difference between lease addendum and lease amendment?

An addendum is used to add new information or terms to an existing document without altering its original content, while an amendment is used to modify, delete, or update specific terms within the original document.

For pdfFiller’s FAQs

What is EXTENSION AND AMENDMENT OF LEASE AGREEMENT?

An Extension and Amendment of Lease Agreement is a legal document that modifies the terms of an existing lease, allowing the parties to extend the lease duration or make changes to the rental terms.

Who is required to file EXTENSION AND AMENDMENT OF LEASE AGREEMENT?

Both landlords and tenants are required to file an Extension and Amendment of Lease Agreement if they wish to modify the terms of their existing lease.

How to fill out EXTENSION AND AMENDMENT OF LEASE AGREEMENT?

To fill out an Extension and Amendment of Lease Agreement, you must provide information such as the original lease date, the new terms being agreed upon, signatures of both parties, and the date of the amendment.

What is the purpose of EXTENSION AND AMENDMENT OF LEASE AGREEMENT?

The purpose of an Extension and Amendment of Lease Agreement is to legally document any changes or extensions to the existing lease, ensuring clarity and mutual agreement between the landlord and tenant.

What information must be reported on EXTENSION AND AMENDMENT OF LEASE AGREEMENT?

The information that must be reported includes the names of the parties involved, the original lease date, the new lease term, any amended rental terms, and the signatures of both parties to confirm their agreement.