Lease Extension Addendum Virginia Formal

State:
Virginia
Control #:
VA-826LT
Format:
Word; 
Rich Text
Instant download

Description

The Lease Extension Addendum Virginia Formal is a legal document that facilitates the extension of a previously executed residential lease agreement between a landlord and tenant. This form outlines the pertinent details of the initial lease, including its start and end dates, and establishes the new term for the lease extension. Key features include the commitment to the same terms and conditions outlined in the original lease agreement, and updated rent payment obligations for the extended period. Tenants must provide updated monthly rental amounts and agree to any prorated amounts due upon execution of the addendum, ensuring continuity in rental payments. This form is particularly useful for attorneys, partners, property owners, associates, paralegals, and legal assistants, as it provides a streamlined process for managing lease extensions without needing to draft entirely new agreements. It promotes transparency and clarity in rental terms and responsibilities, aiding legal professionals in maintaining compliance with Virginia rental laws. The formal nature of this addendum ensures that both parties acknowledge and agree to the continued terms of the lease, thus reducing potential disputes.

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

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FAQ

Put it in writing Your name, current address and contact information. Date the lease extension request is submitted. Length of the lease extension, including the proposed end date. Reasons for extension. Date by which you need a decision, usually 10 days to two weeks.

Lease automatically may renew on a month-to-month basis unless landlord or tenant gives written notice of non-renewal before the end of the set term.

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.

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.

Introduction to lease extension Firstly, you will have to pay the premium for the lease extension. Secondly, you will have to pay your landlord's reasonable costs as they are legally entitled to.

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Lease Extension Addendum Virginia Formal