Amendment To Extend Lease Agreement Template for United States

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Key Requirements PROMPT example:

Amendment To Extend Lease Agreement

"I need an Amendment To Extend Lease Agreement for my commercial property in Boston, extending the current lease for an additional 3 years from March 1, 2025, with a 5% annual rent increase during the extension period."

Document background
The Amendment To Extend Lease Agreement is utilized when parties to an existing lease wish to continue their landlord-tenant relationship beyond the original lease term. This document is commonly used across the United States when both parties are satisfied with the existing arrangement and prefer to extend rather than create a new lease. It typically includes the extension period, any modifications to rent or other terms, and must comply with relevant state and federal regulations. The amendment serves as a cost-effective and efficient way to maintain continuity in lease arrangements while allowing for necessary updates to terms.
Suggested Sections

1. Parties: Identification of landlord and tenant with full legal names and addresses

2. Background: Reference to original lease agreement including date and parties

3. Definitions: Key terms used in the amendment

4. Extension Terms: New lease termination date and duration of extension

5. Continuing Effect: Confirmation that all other terms of original lease remain in effect

6. Execution: Signature blocks and date

Optional Sections

1. Rent Modification: Section detailing any changes to the rental amount during the extension period

2. Additional Terms: Section for any new terms being added to the original lease during the extension

3. Security Deposit Update: Section addressing any changes to security deposit terms or amounts

Suggested Schedules

1. Schedule A - Original Lease: Copy of original lease agreement being extended

2. Schedule B - Modified Terms: Detailed list of any modified terms if applicable

3. Schedule C - Updated Rent Schedule: New rent payment schedule if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Industries

Fair Housing Act: Federal law prohibiting discrimination in housing transactions based on race, color, national origin, religion, sex, familial status, and disability

Americans with Disabilities Act: Federal law requiring reasonable accommodations and accessibility requirements in rental properties

Lead-Based Paint Disclosure: Federal requirement for disclosure of known lead-based paint hazards in properties built before 1978

State Landlord-Tenant Laws: State-specific regulations governing the relationship between landlords and tenants, including rights, obligations, and remedies

State Rent Control Laws: State regulations governing rent increases and tenant protections in certain jurisdictions

State Security Deposit Laws: State-specific rules regarding the handling, maintenance, and return of security deposits

State Notice Requirements: State-mandated notification periods and procedures for modifying lease terms

Municipal Housing Codes: Local regulations establishing minimum standards for residential properties

Local Rent Control Ordinances: City or county-specific regulations governing rent increases and tenant protections

Zoning Regulations: Local laws governing property use and occupancy restrictions

Local Registration Requirements: Municipal requirements for registering rental properties or obtaining necessary permits

Statute of Frauds: Legal principle requiring certain contracts, including lease agreements longer than one year, to be in writing

Contract Modification Requirements: Legal principles governing how existing contracts can be modified, including mutual agreement and consideration

Original Lease Validity: Technical requirement that the original lease must be valid and in effect for an amendment to be valid

Execution Requirements: Technical requirements for proper execution of the amendment, including signatures and potential notarization

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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