Lease Extension Addendum Virginia Format
Description
How to fill out Virginia Residential Or Rental Lease Extension Agreement?
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FAQ
A lease extension agreement is a legally binding contract between a landlord and tenant that extends the lease length beyond its original end date. This document allows a landlord and tenant to extend their Lease for an agreed-upon length of time, typically one to two years.
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.
Put it in writing 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.
If you and your landlord decide to renew the fixed-term contract, you'll usually need to: Agree on the duration - e.g., a 1-year lease. Agree on break clauses ? which allow you to end the lease early. Sign new paperwork ? which can contain different clauses to your current lease.
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.
