Rent Extension Agreement

Posted by Admin on Oct 4, 2021 in Uncategorized |

Renewal of the lease of residential real estateThis renewal contract of the 20 is a rider of and makes a part of , 20 , tenant (s), and the initial lease (the “contract”) between the owner for the property that is at the. We intend to renew your lease agreement with [initial lease date] which ends on [lease end date]. You have proven to be a model tenant and you would offer to provide your rental agreement for an additional [enter term] to the monthly rental price of [enter the rental amount ($) Article “III. lease” is attached to this document by the initial lease shared by the parties to the extension. This task can be accomplished by referring to the rental agreement that is renewed, and then transcribes its validity date in this article. Two empty lines have been made available, so that the month, double-digit calendar day, then two-digit year, which appears in the original lease as the effective date, in “III. Leasing. The tenant is obliged to respond within the deadlines indicated in the letter. Depending on the circumstances, the tenant may decide to submit a counter-offer to the landlord. If so, it may be preferable to arrange a meeting with the tenant to agree and conclude an oral agreement.

RENTAL: The rent payable for this lease is US$4,000, payable on the 15th day of each month. The landlord or manager sends the endorsement to the tenant. The endorsement is added to the current lease, with changes such as the renewal period and the new lease amount. Unless other changes are mentioned in the addendum, the remaining part of the rental agreement remains intact. Whether additional legal or professional help is sought or not, a lease has the potential to be a “win-win” situation for both the landlord and the tenant. This allows both parties to continue to enjoy the benefits of a great lease and a great relationship. Lease renewal contract This lease was established on , 20 between (hereinafter the lessor) and (hereinafter the tenant) for the immovable property in the contract, which confirms that the parties agree to renew the lease. The owner mentioned in the first article must sign the line “Signature of the lessor” to approve and conclude the renewal agreement defined above.

Once this task is completed, he or she must continue with the line opposite “date” and then document the month, day and year in which he or she signed these documents. CONSIDERING that the lease between the parties regarding the land located at 2410 Eagles Nest Drive, FARMERSVILLE, Ohio, 45325, began on Tuesday, January 8, 2019 and is scheduled to expire on Wednesday, January 8, 2020; It is obvious that a specific date on which the conditions for the extension will enter into force should be included in these documents. The sixth section, which is called “VI. Other conditions” make it possible to establish this in writing by requiring that one of his declarations be chosen as the definition of the beginning of the extension. The renewal date can be set so that it automatically begins the termination of the original lease by activating the “When the lease ends” box. Check the second box under “V. Start Date” if a date different from the date of termination of the original lease must be set for the start of this extension. For example, if the tenant is in the armed forces and will be off the premises for a certain pre-authorized time, the lessor may set a future date for the tenant to assume rental responsibility by doing so after the sentence “The date of…” » Renewal of the lease Name of the tenant The date of the initial lease was effective extension no. With effect from the 1st day, this lease is renewed for a maximum period of one year. .

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