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Who needs the Lease Extension Agreement form?
After a landlord agrees to grant a lease extension, a form must be signed specifying the terms of agreement. The Lease extension agreement form is for both the tenant and the landlord to use when agreeing upon extending a lease on a property.
What is the Lease Extension Agreement form for?
If the landlord and/or tenant, whose lease is due to expire, would like to extend the lease until a later date, this form is proof of the commitment between them.
Is the Lease extension agreement form accompanied by other forms?
No other form needs to accompany a lease extension agreement as this form is enough to confirm both the tenant’s and the landlord’s commitment. However, a period of preparation should be followed before the lease extension agreement can be signed and may therefore require additional documents.
When is the Lease Extension Agreement form due?
The extension agreement is due any time before the official expiration of a lease. The landlord may give the tenant a 60-day notice before the expiration date, and an extension agreement may be completed in that period.
How do I fill out the Lease Extension Agreement form?
The form should be signed by both the landlord and the tenant. They should provide information such as:
Names of both the tenant and landlord
Address of property
Date of agreement and new date of expiration
Period of extension
Both parties need to provide their signature as proof of written consent for extension.
How to fill out lease extension agreement?
1. Start by filling in the date that the extension will take effect. 2. Fill in the parties involved in the agreement. This should include the tenant and the landlord. 3. Enter the term length of the extension. 4. Specify the rental rate for the extension period. 5. Outline the security deposit requirements. 6. Note any additional terms and conditions for the extension period. 7. Include the signature lines for both the tenant and the landlord. 8. Make sure to have the agreement notarized or witnessed as necessary, depending on the law in your state.
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