Lease Extension Agreement Template

Date of Amendment:

This Lease Extension agreement concerns the real property located at [Lessor.StreetAddress][Lessor.City][Lessor.State][Lessor.Country][Lessor.PostalCode].

This LEASE EXTENSION AGREEMENT (hereinafter referred to as the "Lease Extension Agreement") is made by and between:[Lessor.FirstName][Lessor.LastName](hereinafter referred to as "Landlord"); and [Lessee.FirstName][Lessee.LastName] (hereinafter referred to as “Tenant”).

WHEREAS, the Lease Agreement between the parties over the real property located at [Lessor.StreetAddress][Lessor.City][Lessor.State][Lessor.Country][Lessor.PostalCode] which began on the [Document.CreatedDate] and is scheduled to expire on on the [Document.ExpirationDate];

WHEREAS, the parties mutually have agreed that the said lease extension is extended or shall be extended for a period of _____ months/years (include details on any optionality to extend this agreement beyond the initially agreed period).

In consideration of the foregoing premises, the parties agree as follows:

EXTENSION OF LEASE TERM

The parties hereby agree to continue the terms of the aforementioned Lease Agreement over the said property with the new dates beginning on the ______ day of ____________, 20____ and set to expire on the ______ day of ____________, 20____ (or continue month-to-month or year-to-year indefinitely). The terms will continue as set out in the aforementioned Lease Agreement except as expressly modified herein.

RENT

The rent to be paid for this Lease Extension Agreement shall amount to $_______, payable on the ______ day of every month. The first full rent payment under this Lease Extension Agreement is due on the ______ day of ____________, 20____. Payment of rent, non-payment of rent, and default for late payment of rent shall be governed in accordance with the terms and conditions of the previous Lease Agreement or as expressly stated herein.

CONTINUITY OF TERMS

All the terms and conditions existing on the previous lease term prior to expiration shall remain to be effective and adopted into this Lease Extension Agreement except as expressly modified herein.

AMENDMENTS TO LEASE

Effective as of ________________, Landlord and Tenant extend and amend the above-referenced lease as follows.

1) The Expiration Date is changed to: ___________________________.

2) The monthly rent is changed to: $______________________ (N/A if the rent is remaining the same)

3) Other: The aforementioned Lease Agreement is amended as follows:

Enter text here…

PLEASE NOTE:

If this form is not returned to the Landlord on the ______ day of ____________, 20____, the Landlord may give the Tenant at least 28 days written notice to vacate the premises.

If the Tenant wishes to vacate the property at the end of the fixed term noted within the aforementioned Lease Agreement, the Tenant must give the Landlord at least 28 days written notice.

If the lease is not extended and at least 28 days written notice is not given by either party, the agreement continues as a residential/commercial tenancy agreement for a periodic tenancy.

IN WITNESS WHEREOF, the parties have set their hand on this _____ day of _________, 20____.

This form becomes a binding lease extension when the Landlord signs and returns to the Tenant. This agreement shall be binding upon and shall inure to the benefit of the parties, their successors, assigns, and personal representatives.