A lease extension addendum is a legal document used to extend a lease, typically between a landlord and tenant. It can modify certain lease conditions like rent, security deposit, and utilities, but the rest of the original lease terms remain unchanged.
Specify the rental property address and current lease expiration date. Propose a new lease end date and the prorated rent amount. Explain your reason for requesting the extension. Sign and date the letter before sending it.
An addendum to renew, or renewal addendum, is a legal document that extends the term or duration of an existing contract or agreement. It is used when the parties involved in the original agreement want to continue their relationship and wish to extend the predetermined time period.
To request a lease extension, submit a formal letter containing all the pertinent details your landlord needs to make a decision. The letter should include: Your name, current address and contact information. Date the lease extension request is submitted.
Lease addendums are used to provide additional information that the original lease does not cover.” In other words, a lease addendum allows you to add an additional document to or adjust the terms of your existing rental agreement.
A contract extension addendum can be a handy tool for businesses and individuals when negotiations or cooperation have gone longer than expected. This Contract Extension Addendum Template will help you quickly draw up a legal document that will extend existing obligations as required.
How to Amend a Lease (3 steps) Speak with the Other Party. Whether you are the landlord or the tenant, the party seeking to change the lease will need to properly communicate their intentions with the other party. Write the Amendment. Get Signed.
Landlords that accept payments after an expired lease incur a variety of restrictions and enter a month-to-month tenancy, meaning they cannot legally treat their tenant as a trespasser and evict them. Instead, they have to issue 30 days' notice. The same goes for the tenant if they wish to move.
Non-renewal of the lease after the rental period ends As long as they don't violate any rules, they can stay until their rental period ends. But if they stay in the property even a day after their lease ends and have not arranged for renewal, landlords must provide a written notice to move.