Common Contracts
1 similar Lease Extension Addendum contracts
Lease extension addendum pdfLease Extension Addendum • June 4th, 2023
When a lease agreement comes to an end, it doesn't necessarily mean that both the landlord and tenant will go their separate ways. Sometimes, a new lease agreement will be established, while in others, the original lease will be extended.This is where a lease extension addendum comes into play. It is a contract that will be used to extend the original lease agreement. Essentially, there will be a new date set for which the lease expires and both the landlord and tenant will agree to this.Lease extension agreements do more than just change the end date of the original lease though. They can capture any price changes to the rent. It's not uncommon to see the sum for the monthly rent (or whatever period may apply) increase, especially if the lease agreement is set to expire in a short time.The lease extension addendum will indicate the new price, while the other provisions of the original lease agreement will stay as is.For a lease extension agreement to be added to the original lease and
