Get the free Extension of Lease - U of M Housing

CARDINAL PROPERTIES, LLC Name(s): Apartment #: Property Address: Dear Tenant(s): The lease on the unit you are renting expires soon. We trust that you have enjoyed your tenancy in this apartment and

How to fill out extension of lease

How to fill out an extension of lease:

1. Review the original lease agreement: Start by carefully examining the terms and conditions of the existing lease agreement. Familiarize yourself with the provisions and clauses relevant to extensions.
2. Determine the extension length: Decide on the duration of the lease extension. It can be a few months or even several years, depending on the landlord and tenant's agreement.
3. Draft an extension letter: Create a formal written document outlining the extension of the lease. Include the names of both parties, the property address, the current lease expiration date, and the proposed new end date.
4. Include updated terms: If any terms or conditions are changing in the lease extension, ensure these are clearly stated in the document. This may include modifications to rental payments, maintenance responsibilities, or any new provisions.
5. Seek legal advice if necessary: If you are unsure about any legal aspects of the lease extension, it is advisable to consult with a lawyer or a legal professional to ensure everything is properly addressed.
6. Sign and date the extension: After completing the extension letter, both the landlord and tenant should sign and date the document. Make copies for each party to keep for their records.

Who needs an extension of lease:

1. Tenants seeking to continue occupying a property: If tenants wish to remain in a rental property beyond the original lease term, they would need an extension of lease to formalize their continued tenancy.
2. Landlords who want to retain current tenants: Landlords who have tenants they wish to keep in their property but whose lease is approaching expiration can offer an extension of lease. This allows the tenants to continue renting the property without the hassle of finding new tenants.
3. Property owners planning renovations or construction: In situations where property owners are planning renovations or construction on their premises, they may offer lease extensions to tenants to ensure a stable source of rental income during the construction period.

Note: It is important for both parties to thoroughly understand the terms of the lease extension and ensure their interests and obligations are well-defined.

For pdfFiller’s FAQs

What is extension of lease?

An extension of lease is a legal agreement between a landlord and tenant to extend the terms of the original lease agreement.

Who is required to file extension of lease?

The landlord and tenant are both required to file an extension of lease in order to continue the rental agreement.

How to fill out extension of lease?

To fill out an extension of lease, both parties must review the original lease agreement, make any necessary amendments, and sign the extension document.

What is the purpose of extension of lease?

The purpose of an extension of lease is to extend the terms of the original lease agreement, allowing the landlord and tenant to continue the rental arrangement.

What information must be reported on extension of lease?

The extension of lease must include details such as the new end date of the lease, any updated terms or conditions, and the signatures of both parties.

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