Missouri Residential or Rental Lease Extension Agreement
Definition and meaning
The Missouri Residential or Rental Lease Extension Agreement is a legal document used to extend the term of an existing lease agreement between a landlord and a tenant in the state of Missouri. This agreement formalizes the continued occupancy of a rental property under the same terms and conditions previously established in the original lease. It provides clarity and legal protection for both parties, ensuring that all stipulations from the initial agreement remain in effect unless modified within the extension.
Who should use this form
This form is intended for landlords and tenants in Missouri who wish to continue their rental arrangement beyond the original lease's expiration date. It is useful for:
- Landlords looking to retain reliable tenants.
- Tenants wanting to stay in their current rental property.
- Both parties who desire to maintain the existing terms of the lease without renegotiation.
Key components of the form
The Missouri Residential or Rental Lease Extension Agreement includes several essential components to ensure that it is comprehensive and legally binding. Key elements include:
- Parties involved: Names and contact information of both the landlord and tenant(s).
- Previous Lease Information: Details of the initial lease agreement, including start and end dates.
- Extension Period: New lease term dates specifying when the extension begins and ends.
- Revised Rent Payments: Updated monthly rental amounts, including any prorated rent if applicable.
How to complete a form
Filling out the Missouri Residential or Rental Lease Extension Agreement is straightforward. Follow these steps:
- Identify the parties: Fill in the landlord's and tenant's names and any additional tenants involved.
- Refer to the original lease: Enter the details of the previous lease agreement, including the start and expiration dates.
- Specify the extension dates: Clearly indicate the new lease term dates.
- Update the rent amount: Input the new monthly rent and any prorated amounts due at signing.
- Sign and date: Ensure all parties sign and date the agreement to make it legally binding.
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FAQ
Adding an Addendum An addendum must include the basic elements of any landlord/tenant agreement. You should include the date, the address of the rental property and the names of each party just as you would in the original lease.
By definition, a lease renewal is a new lease agreement, whereas a lease extension is a continuation of the original lease agreement. Generally speaking, the practical effect of either is that the parties to the lease continue the landlord-tenant relationship beyond the expiration of the original term of the lease.
Step 1: Obtain a Written Request. Invite the tenant to submit in writing the request to add another person to the lease. Step 2: Check the Property's Occupancy Limit. Step 3: Acquire a Completed Rental Application. Step 4: Make a Decision. Step 5: Review the Details With the Tenants.
Contract extension: an existing contract is continued for a period of time.Contract renewal: an existing contract endsby, for example, expiringand the parties agree to enter into a new contract (usually for the same or very similar services).
The letter should state the name, address and contact details of the tenant and the landlord. It should be dated according to any agreement for extension. For example, leases are usually extended or discontinued one or two months before the expiry date.
A lease and addendum are esentially the same thing, 'the lease'. The addendum is part of the lease, it does not stand on it's own. If the lease and addendum say different things, but one does not supercede the other, it's ambigious, and the least restrictive clause stands.
The Lease Must be in Writing It does not matter if the lease is handwritten or typed. If the lease is for more than one year, it must be in written form and contain the following terms.
The written agreement between the owner and the tenant for the lease of the contract unit to the tenant. The lease includes the tenancy addendum prescribed by HUD. PHA. Public Housing Agency.
Create Document. A lease extension addendum is a contract that further extends the term of an existing lease agreement. The addendum will establish a new lease termination date that both the landlord and tenant agree to.
