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Texas Residential or Rental Lease Extension Agreement

Category:
Landlord Tenant - Residential Leases - Amendments
State:
Texas
Control #:
TX-826LT
Format:
Word; 
Rich Text
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Description

Agreement to extend the term of a residential lease, with possible modifications. Landlord and Tenant extend and continue the term and duration of the described Lease Agreement. Lessee(s) will continue to be joint and severally liable.


A lease extension is used to extend the terms of a previous lease between the landlord and tenant. By signing the extension, it is not necessary for the parties to execute a new lease. Generally, all terms of the previous lease are carried over by reference in the extension. Usually, the extension simply extends the term of the prior lease and may contain provisions for a revised rent payment.

Definition and meaning

The Texas Residential or Rental Lease Extension Agreement is a legal document used to extend the duration of an existing lease between a landlord and tenant. This agreement allows both parties to continue their landlord-tenant relationship under the pre-agreed terms of the original lease, making any necessary modifications to the rental duration, payment terms, and responsibilities.

How to complete a form

To accurately complete the Texas Residential or Rental Lease Extension Agreement, follow these steps:

  • Enter the date you are filling out the agreement.
  • Provide the names of the landlord and all tenants, ensuring correct spelling.
  • Specify the address of the property subject to the lease.
  • State the original lease start and expiration dates.
  • Detail the new expiration date for the lease extension.
  • Set the revised rent amount and payment due date.
  • All parties involved should sign and date the agreement to verify their consent.

Key components of the form

The Texas Residential or Rental Lease Extension Agreement includes the following key components:

  • Landlord and Tenant Information: The names and contact details of all parties involved.
  • Property Address: The location of the leased property.
  • Original Lease Details: Dates of the current lease agreement.
  • Extension Period: New lease term start and end dates.
  • Revised Rent: The new rent amount and payment due date.

Who should use this form

This form is suited for landlords and tenants in Texas who wish to extend the duration of their existing lease agreement without creating a new contract. It is beneficial for those seeking to maintain the established relationship while adjusting terms to accommodate their circumstances.

Common mistakes to avoid when using this form

To ensure a smooth process, avoid these common mistakes:

  • Failing to have all parties sign the document before the original lease expires.
  • Not accurately specifying the new rent amount and payment dates.
  • Omitting essential information about the property and original lease.
  • Using the wrong dates, leading to confusion about the lease terms.

Benefits of using this form online

Using the Texas Residential or Rental Lease Extension Agreement online offers several advantages:

  • Convenience: Complete the form at your own pace and from the comfort of your home.
  • Accessibility: Download and print the document whenever necessary.
  • Guidance: Online resources may provide helpful tips on completing the form accurately.

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

Get access to quality Texas Residential or Rental Lease Extension Agreement templates online with US Legal Forms. Avoid hours of wasted time searching the internet and lost money on documents that aren’t updated. US Legal Forms provides you with a solution to exactly that. Get above 85,000 state-specific authorized and tax templates that you could save and fill out in clicks within the Forms library.

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  1. Check if the Texas Residential or Rental Lease Extension Agreement you’re looking at is suitable for your state.
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You can now open up the Texas Residential or Rental Lease Extension Agreement example and fill it out online or print it and get it done by hand. Think about sending the papers to your legal counsel to make sure things are filled in correctly. If you make a mistake, print out and complete sample again (once you’ve created an account every document you save is reusable). Create your US Legal Forms account now and get more samples.

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FAQ

Find a solicitor. The Leasehold Advisory Service lists solicitors specialising in the field. Value the lease. Professional valuation advice is crucial. Negotiate the price. Your solicitor may approach the freeholder informally first. Apply to a tribunal.

Your rights as a tenant when a lessor proposes changes to your lease depend on whether you have an option to renew when the lease expires.That is, a new lease is created, and both parties are legally bound to that agreement. Until both parties sign the new lease, there is only an 'agreement to lease'.

Dear Name of Landlord: This letter is a formal request to renew the lease on the property at the above address for another year. The lease expires on DATE and I would like to renew it until DATE.

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.

Renewing a lease locks a tenant in so a landlord knows (if all goes to plan) that they will receive rent for a predictable period of time. Likewise, as the PM, it means your revenue is also guaranteed to remain stable because you only get your cut, when the landlord gets their rent!

We recommend offering your tenant a lease renewal 90 days before the lease expires. You can offer in-person, send via email, or send a letter. The goal is to receive a reply within 30 days so that you have at least 60 days to find a new tenant if your current tenant declines the renewal offer.

Most leasing companies are happy to extend an expiring lease, which can give you some breathing room and time to make the right vehicle choice. Some lenders will allow for a simple month-to-month extension.

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).

After Your Lease Ends When it comes down to it, you have three logical options of what to do when your lease is up. You can: renew your lease for another term, agree to a month-to-month lease, or move out of your apartment (with proper notice) and find a new rental.

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