Lease Extension Agreement Form

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

Description

The Lease Extension Agreement form facilitates the extension of a previously established lease between a landlord and tenant. This document allows both parties to agree on new terms, including the duration of the lease extension and any adjustments to rent payments. It requires details of the original lease, including its start and expiration dates, and specifies the new term of the lease extension. Key filling instructions include entering the name of the landlord and tenants, dates, and the specific rent amount. This form serves as a legal record of the continued agreement, ensuring that both parties remain bound by the terms outlined in the original lease agreement. For attorneys, this form simplifies the lease management process by providing a clear framework for negotiations and documentation. For owners, it enables flexibility in rental arrangements. Paralegals and legal assistants can use this form to expedite documentation processes, while associates and partners find it useful in maintaining compliance and protecting client interests. Overall, the Lease Extension Agreement is a vital tool for anyone involved in landlord-tenant relationships, ensuring clarity and legality in rental agreements.