Free Residential Lease Extension Agreement
This Residential Lease Extension Agreement will effectively extend a residential lease agreement without the parties signing a new lease. This extension agreement sets out the dates of the lease extension and amount of revised rental payments. This Residential Lease Extension Agreement must be signed by the lessor and lessee to the original lease.
Disclaimer:This was not drafted by an attorney & should not be used as a legal document.
RESIDENTIAL LEASE EXTENSION AGREEMENT
This Residential Lease Extension Agreement (“Lease Extension”) is made and entered into on this ______ day of ___________________, 20____, by and between __________________________ of _________________________________________________ ________________ (the “Lessor”) and _______________________________ of _________________s______ _____________________ (the “Lessee”)
In consideration of the mutual covenants and obligations contained in this Extension and of other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
LEASE AGREEMENT
On the ____________________ day of ______________________,__________ Lessor and Lessee have entered into a Residential Lease Agreement (the “Lease Agreement”), where under the Lessor leases and Lessee agrees to take on lease the following premises: ____________________________ ___________________________________________________________________________________________________________________________________________________________________.
EXTENSION
The Lease Agreement will expire on the _________ day of _________________, 20____. Subject to the terms and conditions contained in the said Lease Agreement, the Lessor and Lessee hereby agree to extend the term of the said Lease Agreement for an additional period of ____________ years, commencing from the ____ day of ________________, 20____, and terminating on the ____ day of _________________, 20____ (the “Extended Term”).
REVISED RENT
For and during the Extended Term, the Lessee shall pay a revised monthly rent in the amount of $_____________. This rent is due and payable in advance on the ______ day of every month.
TERMS & CONDITIONS
The parties agree that all the terms and conditions of the said Lease Agreement, as modified by this Lease Extension, shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be duly executed as of the day and year hereinbefore first written.
LESSOR
Sign: _____________________________________
Print Name: _______________________________
Date: ____________________________________
LESSEE
Sign: _____________________________________
Print Name: _______________________________
Date: ____________________________________
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