An Addendum To Extend Lease is utilized when both parties wish to continue their landlord-tenant relationship beyond the original lease term. This document is commonly used across the United States when the original lease is approaching its termination date and both parties agree to extend the tenancy. It provides a formal mechanism to document the extension period, potentially modified rent amounts, and any other terms that may change during the extension period. The addendum must comply with applicable state and local real estate laws and becomes legally binding when signed by all parties.
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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 addendum
4. Extension Term: Specific period of lease extension
5. Rent Terms: Confirmation or modification of rental payment amounts
6. Original Lease Terms: Statement confirming all other original lease terms remain in effect
7. Signatures: Execution block for all parties
1. Modified Terms: Used when terms other than duration are being modified in the lease extension
2. Security Deposit: Used when security deposit terms are being modified as part of the extension
3. Property Improvements: Used when physical changes to property are agreed upon as part of the extension agreement
1. Schedule A - Original Lease: Copy of original lease agreement attached as reference
2. Schedule B - Modified Payment Schedule: Detailed schedule of new payment terms if payment amounts are changing during extension period
3. Schedule C - Property Inspection Report: Documentation of current condition of property at time of extension
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