Lease Extension Agreement for the United Kingdom

Lease Extension Agreement Template for United States

A Lease Extension Agreement is a legal document used in the United States to extend the term of an existing lease agreement between a landlord and tenant. This document maintains the validity of the original lease while modifying the termination date and potentially other terms such as rent amount or payment conditions. It must comply with federal housing laws and state-specific landlord-tenant regulations, including any applicable rent control or fair housing requirements. The agreement serves as an addendum to the original lease and must be executed with the same formalities as the original lease agreement.

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What is a Lease Extension Agreement?

The Lease Extension Agreement is utilized when both landlord and tenant wish to continue their existing lease relationship beyond the original term. This document type is commonly used across the United States in both residential and commercial contexts, providing a more streamlined alternative to creating an entirely new lease agreement. The agreement typically includes the extension period, any rent adjustments, and confirmation of which original lease terms remain in effect. It must comply with relevant state landlord-tenant laws and federal regulations, particularly regarding fair housing and discrimination. A Lease Extension Agreement is particularly valuable when parties want to maintain their existing relationship while making minimal changes to their original arrangement, offering both parties security and continuity while avoiding the complexity of negotiating an entirely new lease.

What sections should be included in a Lease Extension Agreement?

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

2. Background: Reference to original lease and reason for extension

3. Definitions: Key terms used in the agreement including 'Original Lease', 'Extension Term', 'Extended Termination Date'

4. Extension Term: Specific duration of the lease extension and new termination date

5. Rent: Rent amount and payment terms during extension period

6. Original Lease Terms: Confirmation of which original lease terms remain in effect

7. Execution: Signature blocks and date for all parties

What sections are optional to include in a Lease Extension Agreement?

1. Modified Terms: Any modifications to original lease terms that will apply during the extension period

2. Security Deposit: Updates to security deposit terms if any changes are being made

3. Property Improvements: Details of any agreed improvements or modifications to the property during extension period

4. Lead-Based Paint Disclosure: Required for residential properties built before 1978

What schedules should be included in a Lease Extension Agreement?

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

2. Schedule B - Property Description: Detailed description of the leased property including address and any included fixtures/fittings

3. Schedule C - Rent Schedule: Detailed breakdown of rent payments if varying during extension period

4. Schedule D - Condition Report: Current condition of property at time of extension

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

Jurisdiction

United States

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Industries

Fair Housing Act: Federal law that prohibits 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 for disabled persons, particularly relevant for commercial properties

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

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

State Property Laws: State-specific laws governing real property ownership, transfer, and usage

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

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

Notice Requirements: State-specific requirements for providing notice regarding lease changes, termination, or modifications

Municipal Housing Codes: Local regulations governing property maintenance, safety standards, and habitability requirements

Zoning Ordinances: Local laws regulating property use and occupancy restrictions

Statute of Frauds: Legal requirement that certain contracts, including lease agreements exceeding one year, must be in writing to be enforceable

Contract Law Principles: Basic legal principles governing contract formation, including offer, acceptance, consideration, and capacity

Recording Requirements: Local and state requirements for recording lease agreements with appropriate government offices, if applicable

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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