Document background
The Extend Lease Agreement is used when parties to an existing lease wish to continue their landlord-tenant relationship beyond the original term. This document is particularly important in the German market where lease relationships are heavily regulated and formal requirements must be strictly observed. It enables parties to extend their lease while potentially updating terms to reflect current market conditions or new requirements. The agreement must comply with German Civil Code (BGB) provisions, including specific sections dealing with lease modifications (Sections 535-548 BGB). It's commonly used for both commercial and residential properties, though the applicable regulations may differ. The document typically includes references to the original lease, specifies the extension period, any rent adjustments, and modifications to existing terms while confirming which original provisions remain unchanged.
