The Wisconsin Affidavit that Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor is a legal document that serves as proof that an additional bonus payment made by the lessor does not extend the primary term of the lease agreement. This affidavit is crucial in situations where the lessor wants to make an extra payment to the lessee but does not want to renew or extend the lease agreement beyond its originally agreed-upon term. In Wisconsin, there are two types of affidavits that can be used for this purpose: 1. Individual Wisconsin Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor: This type of affidavit is used when only one lessor is involved in making the additional bonus payment. It includes the details of the initial lease agreement, the terms of the additional bonus payment, and a statement declaring that the primary term of the lease is not extended by the added payment. 2. Joint Wisconsin Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor: This type of affidavit is used when multiple lessors are involved in making the additional bonus payment. It includes the details of the initial lease agreement, the terms of the additional bonus payment contributed by each lessor, and a collective statement declaring that the primary term of the lease is not extended by the combined financial contribution. In both cases, the affidavit must be signed by the lessor(s) involved and notarized to ensure its validity. It is essential to consult with a legal professional experienced in Wisconsin real estate law when preparing and executing these affidavits to ensure compliance with all relevant regulations and requirements. By using the Wisconsin Affidavit that Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor, both lessor and lessee can ensure clarity and avoid any misunderstandings regarding the extension of the lease term due to an additional bonus payment.
Wisconsin Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor
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How to fill out Wisconsin Affidavit That Primary Term Of Lease Not Extended By Additional Bonus Payment By Lessor?
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