Commercial Lease Extension Agreement

What is commercial lease extension agreement?

A commercial lease extension agreement is a legal document that extends the duration of an existing commercial lease. It is used when the original lease is about to expire and both the landlord and the tenant wish to continue the lease.

What are the types of commercial lease extension agreement?

There are two main types of commercial lease extension agreements: 1. Fixed-Term Extension Agreement: This type of agreement specifies a fixed duration for the extended lease, usually for a predetermined number of years. 2. Periodic Extension Agreement: This type of agreement allows the lease to be extended on a periodic basis, such as month-to-month or year-to-year.

How to complete commercial lease extension agreement

Completing a commercial lease extension agreement can be done by following these steps: 1. Gather necessary information: Collect all relevant details about the original lease, such as lease start and end dates, rent amount, and any existing amendments. 2. Review and modify terms: Evaluate if any changes need to be made to the lease terms and negotiate with the other party if required. 3. Fill out the agreement: Use a reliable online document editing tool like pdfFiller to fill in the necessary information and customize the agreement to your specific needs. 4. Review and double-check: Carefully review the completed agreement for accuracy and make any necessary revisions. 5. Sign and share: Once both parties are satisfied, sign the agreement digitally and share it with the other party. 6. Retain a copy: Keep a copy of the signed agreement for your records and ensure the other party receives a copy as well.

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