Common Contracts
1 similar Lease Renewal Agreement contracts
Nj residential lease renewal agreementLease Renewal Agreement • June 27th, 2023
A Lease Renewal Agreement is a document that allows a landlord to extend the current rental period with a tenant. This form modifies the original lease agreement’s expiration date while maintaining many of the same terms established in that lease. Table of Contents What is a Lease Renewal Agreement? Lease renewal and extension agreements officially continue a rental contract before the lease expires. Though lease renewals and extensions have the same effect, they differ. A lease renewal agreement is essentially a new contract that updates the duration of the rental period and may contain new terms. You can also use lease renewal agreements to renegotiate terms, such as a rent increase or new tenant amenity benefits after the current lease period ends. On the other hand, lease extensions continue the current terms by extending the agreement after the end of the original lease period.
