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OPTION TO EXTEND. written notice no earlier than the date which is _______ (__) months prior to the expiration of the term of the Lease but no later than the date which is _______ (__) months prior to the expiration of the term of the Lease.
How to write a lease termination letter. Your name and contact information, including phone number. Name of tenants and their contact information. Today's date. Reason for lease termination. Lease start date and end date. Move-out process instructions. Copy of the move-out checklist.
A lease extension addendum is a legal document extending a lease between a landlord and a tenant. It can also change conditions such as the rent amount, security deposit, utilities, and other provisions. If no changes are made other than the termination date, all other terms of the original lease will remain in place.
If the lease expires without action or renewal, the tenant does not become a squatter. Under Massachusetts law, they become either a "tenant at will" or a "tenant at sufferance" . The difference is whether they have the landlord's permission to remain.
Lease Extension Agreement: This document extends the duration of an existing lease beyond its original end date. It typically maintains the terms and conditions of the original lease, with the option to make specific modifications.