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OPTION(S) TO EXTEND TERM STANDARD LEASE ADDENDUM Dated: By and Between Lessor: Lessee: Property Address: (street address, city, state, zip) Paragraph: OPTION(S) TO EXTEND TERM. Subject to the terms,

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How to fill out option to extend lease

01

Review the terms of the current lease agreement to see if there is an option to extend clause.

02

Contact the landlord or property manager to express your interest in extending the lease.

03

Negotiate any potential changes to the lease terms, such as rent increases or lease duration.

04

Sign a lease extension agreement outlining the new terms and conditions.

05

Make sure to keep a copy of the signed agreement for your records.

Who needs option to extend lease?

01

Tenants who wish to stay in the same rental property for a longer period of time.

02

Landlords who want to secure a tenant for a longer duration without having to search for a new tenant.

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What is option to extend lease?

Option to extend lease is a clause in a lease agreement that gives the tenant the right to extend the lease term for a specified period of time.

Who is required to file option to extend lease?

The tenant is usually required to file the option to extend the lease.

How to fill out option to extend lease?

The tenant can fill out the option to extend lease by following the instructions provided in the lease agreement.

What is the purpose of option to extend lease?

The purpose of option to extend lease is to provide the tenant with the opportunity to continue occupying the leased premises for a longer period of time.

What information must be reported on option to extend lease?

The option to extend lease must include details such as the extended lease term, any changes in rent or terms, and the deadline for exercising the option.

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