Lease Extension Agreement Form With Rent Increase

• Category: Landlord Tenant - Residential Leases - Amendments
• State: Indiana
• Control #: IN-826LT
• Format: Word; Rich Text

Description

The Lease Extension Agreement Form with Rent Increase is a legal document that allows landlords and tenants to extend the duration of an existing lease while adjusting rent payments. This form serves to formally document the agreement to continue the rental relationship under newly agreed terms. Key features include specifying the previous lease agreement details, the new lease term dates, and the revised rent amount that the tenant agrees to pay monthly. The form also allows for the prorated rent payment if applicable. It is essential to fill out all sections accurately, including signatures from both landlords and tenants, to ensure enforceability. Attorneys, partners, owners, associates, paralegals, and legal assistants can use this form to help clients navigate lease extensions efficiently, ensuring compliance with rental laws and protecting the interests of both parties involved. This form is particularly relevant for situations where tenants wish to stay beyond their lease term, or landlords want to modify lease conditions to reflect current rental market trends.