Rental Contract Extension Addendum

State:
Pennsylvania
Control #:
PA-826LT
Format:
Word; 
Rich Text
Instant download

Description

The Rental Contract Extension Addendum is a legal document that allows landlords and tenants to extend the term of an existing residential lease agreement. It begins by outlining the parties involved, specifying the original lease details, and reaffirming the binding nature of the agreement. Key features of this addendum include the extension of the lease term, incorporation of all original lease terms, and updated rental payment details, which must be clearly stated. Additionally, it includes provisions for prorated rent if applicable. This form is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a straightforward method to formalize lease extensions, ensuring all parties remain informed of their responsibilities. Users are encouraged to complete each section accurately and review the previous lease for consistency. Clear instructions are provided for signing, which reinforces the importance of having all parties acknowledge the extension officially.

How to fill out Pennsylvania Residential Or Rental Lease Extension Agreement?

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FAQ

Changing the tenancy agreement A tenancy agreement can normally only be changed if both you and your landlord agree. If you both agree, the change should be recorded in writing, either by drawing up a new written document setting out the terms of the tenancy or by amending the existing written tenancy agreement.

The option to extend or terminate a tenancy agreement usually comes up at the end of a fixed-term (usually 6 or 12 months) or when everyone involved agrees. Until that point, tenants are responsible for paying the rent even if they pack their bags and move out.

What is a Lease Addendum? Lease addenda are separate documents that landlords add to an original lease agreement. Landlords use them to provide additional information that the original lease doesn't cover.

In fact, there is no limit on the maximum length of an AST. Provided the tenancy was granted after 15 January 1989 and meets the criteria in the Housing Act 1988 (the 1988 Act) it will be an assured tenancy and all the statutory regulation associated with that status will apply.

How to extend an Assured Shorthold Tenancy: If you're happy for the tenant to stay, and use an agent, the agent will be able to organise a new fixed term contract for you along with any renewal fees that may be applicable.

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Rental Contract Extension Addendum