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.
A residential lease agreement for Pennsylvania is a legally binding document that outlines the terms and conditions agreed upon between a landlord and a tenant when renting a residential property. This contract governs the rental arrangement and ensures that both parties understand their rights and responsibilities. In Pennsylvania, there are several types of residential lease agreements that cater to different rental scenarios. These types include: 1. Fixed-Term Lease Agreement: This lease agreement has a specific start and end date, usually lasting for one year. It provides stability for both the landlord and tenant, as the terms and conditions remain consistent throughout the lease period. 2. Month-to-Month Lease Agreement: This type of agreement does not have a fixed term and continues on a month-to-month basis until terminated by either party. It offers more flexibility for tenants who may need to move or for landlords who wish to adjust rental terms or terminate the lease with proper notice. 3. Sublease Agreement: A sublease agreement is typically used when a tenant wishes to temporarily rent out the premises they are leasing to another party, known as the sublessee. This type of agreement requires the consent of the landlord and outlines the responsibilities of both the original tenant and the sublessee. 4. Room Rental Agreement: This type of lease agreement is used when a tenant rents a specific room within a larger residential property, such as an apartment or house. It defines the terms and conditions for the use of the room, shared common areas, and any shared expenses. These different types of residential lease agreements may have some common elements, including: 1. Names and contact information: The names and contact information of both the landlord and tenant should be clearly stated. 2. Property details: The address of the rented property and a detailed description of the premises, including the number of bedrooms, bathrooms, and any included amenities, should be included. 3. Lease term: The specific dates of the lease agreement, whether it is a fixed term or month-to-month, should be clearly stated. 4. Rent payment details: The amount of rent, due date, and acceptable payment methods should be specified, as well as any late fees or penalties for non-payment. 5. Security deposit: The amount of the security deposit, how it will be held, and the conditions for its return should be outlined. 6. Maintenance and repairs: The responsibilities of both the landlord and tenant for property maintenance and repairs, including who is responsible for specific repairs, should be clearly stated. 7. Rules and regulations: Any specific rules and regulations regarding pets, noise, smoking, or other restrictions should be included. 8. Termination and renewal: The conditions for lease termination, notice periods required for either party, and options for lease renewal should be clearly defined. It is crucial for both the landlord and tenant to thoroughly read and understand the residential lease agreement before signing it. It is also recommended consulting with a legal professional to ensure that the agreement complies with Pennsylvania state laws and adequately protects the rights and interests of both parties.
