A Lease Extension Letter is commonly used when both parties wish to continue their landlord-tenant relationship beyond the original lease term. This document provides a straightforward way to extend the existing lease without creating an entirely new agreement. The letter typically includes the extension period, rent amount, and confirmation of other terms, while ensuring compliance with US federal and state-specific housing laws. It's particularly useful for maintaining continuity in both residential and commercial tenancies while documenting any updates to the original agreement.
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1. Date: Current date of the extension letter
2. Recipient Details: Full name and address of tenant(s)
3. Property Information: Complete address of the leased property
4. Original Lease Reference: Date and parties of the original lease agreement
5. Extension Period: Specific duration of the lease extension
6. Rent Amount: Confirmation of current or new rent amount
7. Terms Confirmation: Statement that all other original lease terms remain in effect
1. Rent Adjustment: Details of any rent increases, to be included when rent amount is changing during the extension period
2. Modified Terms: Any changes to original lease terms, to be included when terms are being updated
3. Security Deposit Update: Changes to security deposit requirements, to be included when deposit terms are being modified
1. Original Lease Copy: Reference copy of the original lease agreement
2. Rent Adjustment Schedule: Schedule of any planned rent increases during the extension period
3. Property Inspection Report: Current condition assessment of the property
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