Lease Extension Addendum
What is lease extension addendum?
A lease extension addendum, also known as a lease extension agreement, is a legal document that is used to extend the lease term of a property. It is an additional contract that is added on to the original lease agreement, allowing both parties to agree upon an extended lease period.
What are the types of lease extension addendum?
There are various types of lease extension addendums depending on the specific terms and conditions agreed upon by the landlord and tenant. Some common types include:
Extension of lease duration
Revision of lease terms and conditions
Inclusion of additional clauses or provisions
How to complete lease extension addendum
Completing a lease extension addendum can be done in a few simple steps:
01
Review the original lease agreement
02
Identify the changes or extensions required
03
Clearly state the changes in the addendum
04
Have both parties sign and date the addendum
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