The Rental Agreement Addendum To Extend Lease is utilized when both landlord and tenant wish to continue their rental relationship beyond the original lease term. This document is essential in the United States real estate market as it provides a formal mechanism to extend existing lease agreements without the need to execute an entirely new lease. It typically includes the extension period, any modifications to rent or other terms, and confirms the continuation of original lease provisions. The addendum must comply with both federal and state-specific rental laws and should be executed before the original lease expires.
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1. Parties: Identification of landlord and tenant(s) with full legal names
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. Execution: Signature blocks for all parties
1. Modified Terms: Additional section to specify any changes to original lease terms other than the extension period
2. Security Deposit: Section addressing any changes to security deposit arrangements during the extension period
3. Property Improvements: Section detailing any planned renovations or improvements during the extension period
1. Schedule of Rent Payments: Detailed breakdown of rent payments if modified during extension period
2. Property Condition Report: Updated assessment of property condition at time of extension
3. Original Lease Agreement: Copy of the original lease agreement being extended
Extension Term
Rent and Payment
Security Deposit
Continuation of Original Terms
Modifications to Original Terms
Utilities and Services
Maintenance and Repairs
Property Access
Insurance
Default and Remedies
Notices
Assignment and Subletting
Governing Law
Severability
Entire Agreement
Amendment
Binding Effect
Signatures and Execution
Acknowledgment
Representation and Warranties
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