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EXTENSION OF LEASE AGREEMENT THIS AGREEMENT made effective as of the day of, 2013 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. Gather all necessary information: Collect all relevant details about the existing lease agreement, such as the names of the parties involved, the property address, and the original lease term.
2. Review the terms of the original lease: Familiarize yourself with the original lease agreement to understand its terms, including the duration of the lease, the rent amount, any additional clauses or provisions, and any renewal or extension options.
3. Determine the need for extension: Assess whether both parties are willing and interested in extending the lease. Discuss with the landlord or tenant to ensure mutual agreement.
4. Obtain an extension form: Typically, you can find a standard extension of lease agreement form online or from your local housing authority. Make sure to select the appropriate form depending on your jurisdiction.
5. Fill out personal details: Provide the requested personal information, such as the names and contact information of the landlord and tenant.
6. Fill out property details: Include the full address of the rental property to be covered by the extension.
7. Specify the extension period: Clearly state the duration of the lease extension, including the start and end dates. Ensure that both parties are in agreement with the new timeframe.
8. Outline any rent adjustments: If there are any changes to the rental amount during the extension period, clearly indicate this in the agreement. This could involve specifying a fixed rent amount or any adjustments based on a percentage increase.
9. Include any additional terms or clauses: If there are any new terms or conditions that need to be added or amended in the original lease, clearly state them in the extension agreement. This can include alterations to maintenance responsibilities, pet policies, or utilities.
10. Sign and date the agreement: Once the extension agreement is completed, both parties should sign and date the document. Make sure to keep a copy for each party involved.

Who needs an extension of lease agreement?

1. Tenants nearing the end of their lease who wish to continue occupying the rental property beyond the original lease term.
2. Landlords who have tenants that they would like to keep on as tenants for an extended period.
3. Individuals involved in a lease agreement that includes an option for an extension and have decided to exercise that option.

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What is extension of lease agreement?

An extension of lease agreement is a document that extends the duration of a lease beyond its original end date.

Who is required to file extension of lease agreement?

The landlord and tenant are both required to file an extension of lease agreement if they wish to extend the lease.

How to fill out extension of lease agreement?

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

What is the purpose of extension of lease agreement?

The purpose of an extension of lease agreement is to formalize the extension of a lease and make any changes or updates to the terms of the original lease.

What information must be reported on extension of lease agreement?

The extension of lease agreement should include details such as the names of the landlord and tenant, the address of the property, the original lease term, the new end date of the lease, any changes to rent or terms, and signatures of both parties.