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EXTENSION OF LEASE AGREEMENT THIS AGREEMENT made effective as of the day of, 2011 BETWEEN: 2239572 Ontario Inc DBA OFF CAMPUS CASTLE 51 Braydon Lane, Aurora Ontario L4G 7R1 (the Landlord) and (the

How to fill out extension of lease agreement

How to fill out an extension of lease agreement:

1. Review the original lease agreement: Before filling out the extension, carefully read and understand the terms and conditions of the original lease agreement. Make note of any specific provisions related to extensions.
2. Gather necessary information: Collect all the required information for the extension, including the names of the parties involved, the address of the property, and the current lease term.
3. State the purpose of the extension: Clearly state the purpose of the extension, whether it is to extend the lease for a specific period or to include any amendments to the existing lease terms. Be specific and detailed in your explanation.
4. Specify the new lease term: Indicate the desired duration for the extension, whether it is a month-to-month extension, a fixed-term extension, or for a specific number of years. Clearly state the start and end dates of the extended lease term.
5. Outline any changes or amendments: If there are any modifications or amendments to be made to the existing lease terms, clearly state them in the extension agreement. This may include changes in rent amount, maintenance responsibilities, or any other terms that need to be updated.
6. Indicate the rental amount: Specify the new rental amount for the extended lease term, if applicable. Clearly state whether there will be any changes in rent and indicate the date from which the new rent will take effect.
7. Sign and date the extension: Both the landlord and the tenant should sign and date the extension agreement. Ensure that all parties involved receive a copy of the signed document for their records.

Who needs an extension of lease agreement?

1. Tenants looking to continue their lease: Tenants who wish to stay in the rental property beyond the original lease term may need an extension of lease agreement. This can help them legally continue their tenancy and maintain their rights and obligations.
2. Landlords with long-term tenants: If landlords have tenants who have been renting their property for an extended period and both parties are interested in continuing the lease, an extension agreement is necessary to formalize the arrangement.
3. Both parties seeking to modify lease terms: An extension of lease agreement is also useful when both the tenant and the landlord agree to modify certain lease terms, such as rent amount, lease duration, or maintenance responsibilities. This document helps ensure that all changes are documented and legally binding.

Remember, it is always recommended to consult with legal professionals experienced in real estate or rental matters to ensure that the extension of lease agreement is appropriately filled out and executed to protect the rights of all parties involved.

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What is extension of lease agreement?

An extension of lease agreement is a document that extends the terms of a current lease agreement for a specified period of time.

Who is required to file extension of lease agreement?

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

How to fill out extension of lease agreement?

The extension of lease agreement can be filled out by including the original lease terms, the extension period, and any changes to the lease terms.

What is the purpose of extension of lease agreement?

The purpose of extension of lease agreement is to allow the landlord and tenant to extend the lease for a specific period of time without having to create a new lease agreement.

What information must be reported on extension of lease agreement?

The extension of lease agreement must include the names of the landlord and tenant, the property address, the original lease terms, the extension period, and any changes to the lease terms.