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Lease Extension Request for [Rental Address] Currently, the lease is set to expire on [date]. I would like to amend that date to end on [new date]. I propose to pay you the prorated amount of [extension rent amount] for the additional days that I will occupy the property.
There are five essential elements of a valid lease: offer, acceptance, mutual assent, execution and delivery, and consideration.
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.
Some leases may give the landlord the right to change certain terms, but this is rare. Consent can be given orally, in writing or by the actions of the other party. However, if an agreement is reached, it is best that it be made in writing, dated, and signed by both parties.
What Is a Lease Amendment? A lease amendment is a document between a landlord and tenant that can be used to legally modify the terms in an active lease agreement. Adding a lease amendment to an existing lease can ensure landlords are fully protected when changes occur that the original document does not cover.