Lease Extension Agreement Sample Words. An extension agreement can be defined as a document containing additional, albeit necessary information that readjusts an already existing text for duration lengthening. A lease agreement allows a tenant to live in a space in exchange for consistent payments of rent to the landlord.
Lease payments do not have to remain the same under a lease extension. We tried to keep the template as simple as. This printable lease extension form is used for extending the term of an existing lease agreement.
You will receive it in Word and PDF formats.
Extensions are not a requirement in a business relationship but are often granted just before an original agreement is set to expire.
EXTENSION OF LEASE AGREEMENT This Extension of Lease Agreement (the "Agreement") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME ] (the "Landlord"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head. In other words, a Lease Assignment Agreement is used when the original tenant wants to get out of a lease and has someone lined up to take their place. The remaining terms and conditions of the lease will stay the same unless written.