Residential Lease Agreement Extension

The client must respond within the time described in the letter. Depending on the time of reflection, the tenant may decide to submit a counter-offer to the landlord. If so, it may be best to schedule a meeting with the tenant to reach an agreement and reach a verbal agreement. If the landowner is satisfied with the tenant and has not had any problems with them living in the room, they are generally happy to extend the term of the contract for an additional year or more. If this is the case, the lessor will often send the lease to the tenant so that he can sign the document. For example, the landlord might want to introduce a further increase in the rent owed, while the tenant might expect a reduction in the rent. The tenant may want to extend the lease for a shorter period, while the landlord may expect a longer term. CONSIDERING that the parties agreed that the above rent extension would be extended or extended for a period of one year, with the right to extend or extend this rent extension at the expiry of that rent extension. A rent extension can be made between a landlord and a tenant. In this case, if both parties choose to pursue the lease, the lessor can issue a rent extension when the original lease expires. The lessor mentioned in the first article must sign the « Lessor`s Signature » line to approve and conclude the renewal contract defined above.

Once this task is completed, he or she should enter the next « date » line and then document the month, day and year he or she signed the paperwork. It is clear that a specific date on which the conditions of extension take effect should be included in this paperwork. Part Six, called « VI. Other conditions « allow the written statement by requiring that one of its statements be used as a definition of the beginning of the extension. The renewal date can be set so that it automatically begins after the end of the original lease by activating the check box « When the lease ends. » Check the box « V. Start Date » if the termination date of the original lease is to be set for the start of this extension. For example, if the tenant is in the armed forces and is off the premises for a specified term, the landlord may set a future date at which the tenant will assume responsibility for the lease by making it after the phrase « The Date Of… Come in. Rent extensions may also be granted to car dealership rental takers.