Agreement to extend the term of a residential lease, with possible modifications. Landlord and Tenant extend and continue the term and duration of the described Lease Agreement. Lessee(s) will continue to be joint and severally liable.
A lease extension is used to extend the terms of a previous lease between the landlord and tenant. By signing the extension, it is not necessary for the parties to execute a new lease. Generally, all terms of the previous lease are carried over by reference in the extension. Usually, the extension simply extends the term of the prior lease and may contain provisions for a revised rent payment.
A Phoenix Arizona Residential or Rental Lease Extension Agreement is a legally binding document that outlines the extension of an existing residential lease agreement between a landlord and a tenant in Phoenix, Arizona. This agreement is used when both parties agree to continue the lease beyond its initial term, which is typically a fixed period. The purpose of the Phoenix Arizona Residential or Rental Lease Extension Agreement is to facilitate a seamless transition from the current lease term to the extended period. It specifies the terms and conditions that will govern the extension, ensuring the protection of the rights and interests of both the landlord and the tenant. Some relevant keywords that are typically included in a Phoenix Arizona Residential or Rental Lease Extension Agreement are: 1. Parties: The agreement includes the names and contact information of all parties involved, such as the landlord(s) and the tenant(s). It is important to provide accurate and up-to-date information to ensure proper communication. 2. Property Description: The agreement identifies the residential property being leased, including its address and specific unit or apartment number. This description helps to eliminate any confusion regarding the property involved in the lease extension. 3. Original Lease Details: The agreement acknowledges the details of the initial lease, such as the original lease start and end dates, monthly rental amount, security deposit, and any specific terms or conditions mentioned in the original lease. 4. Extension Period: The agreement clearly states the new duration of the lease extension. This includes the date on which the extension begins and the new end date. It is important to be precise and ensure that both parties agree on the extension period. 5. Rent and Payments: The agreement outlines the new rental amount for the extended period, specifying whether it remains the same or increases. It also details the payment schedule, such as the due date, accepted payment methods, and consequences for late payments. 6. Other Terms and Conditions: The agreement may include additional terms and conditions relevant to the lease extension. These can include changes to the existing terms of the lease agreement, such as alterations to the maintenance responsibilities, restrictions on modifications to the property, or any new terms agreed upon between the parties. Different types of Phoenix Arizona Residential or Rental Lease Extension Agreements may exist depending on the specific requirements or circumstances. These could include: 1. Month-to-Month Lease Extension Agreement: This agreement is used when the original lease was a month-to-month arrangement and both parties agree to continue the lease on the same terms but for an additional month. 2. Fixed-Term Lease Extension Agreement: This agreement is used when the original lease was for a specific fixed term, such as one year, and both parties agree to extend the lease for another fixed term, commonly another year. It is crucial to carefully review and understand the terms and conditions of the Phoenix Arizona Residential or Rental Lease Extension Agreement before signing. Both the landlord and the tenant should seek legal advice if needed to ensure that their rights and responsibilities are protected throughout the extended lease period.A Phoenix Arizona Residential or Rental Lease Extension Agreement is a legally binding document that outlines the extension of an existing residential lease agreement between a landlord and a tenant in Phoenix, Arizona. This agreement is used when both parties agree to continue the lease beyond its initial term, which is typically a fixed period. The purpose of the Phoenix Arizona Residential or Rental Lease Extension Agreement is to facilitate a seamless transition from the current lease term to the extended period. It specifies the terms and conditions that will govern the extension, ensuring the protection of the rights and interests of both the landlord and the tenant. Some relevant keywords that are typically included in a Phoenix Arizona Residential or Rental Lease Extension Agreement are: 1. Parties: The agreement includes the names and contact information of all parties involved, such as the landlord(s) and the tenant(s). It is important to provide accurate and up-to-date information to ensure proper communication. 2. Property Description: The agreement identifies the residential property being leased, including its address and specific unit or apartment number. This description helps to eliminate any confusion regarding the property involved in the lease extension. 3. Original Lease Details: The agreement acknowledges the details of the initial lease, such as the original lease start and end dates, monthly rental amount, security deposit, and any specific terms or conditions mentioned in the original lease. 4. Extension Period: The agreement clearly states the new duration of the lease extension. This includes the date on which the extension begins and the new end date. It is important to be precise and ensure that both parties agree on the extension period. 5. Rent and Payments: The agreement outlines the new rental amount for the extended period, specifying whether it remains the same or increases. It also details the payment schedule, such as the due date, accepted payment methods, and consequences for late payments. 6. Other Terms and Conditions: The agreement may include additional terms and conditions relevant to the lease extension. These can include changes to the existing terms of the lease agreement, such as alterations to the maintenance responsibilities, restrictions on modifications to the property, or any new terms agreed upon between the parties. Different types of Phoenix Arizona Residential or Rental Lease Extension Agreements may exist depending on the specific requirements or circumstances. These could include: 1. Month-to-Month Lease Extension Agreement: This agreement is used when the original lease was a month-to-month arrangement and both parties agree to continue the lease on the same terms but for an additional month. 2. Fixed-Term Lease Extension Agreement: This agreement is used when the original lease was for a specific fixed term, such as one year, and both parties agree to extend the lease for another fixed term, commonly another year. It is crucial to carefully review and understand the terms and conditions of the Phoenix Arizona Residential or Rental Lease Extension Agreement before signing. Both the landlord and the tenant should seek legal advice if needed to ensure that their rights and responsibilities are protected throughout the extended lease period.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
