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.
Tempe, Arizona Residential or Rental Lease Extension Agreement is a legally binding document that extends the duration of a residential lease or rental agreement between a landlord and tenant in Tempe, Arizona. It outlines the terms and conditions that both parties must agree upon in order to continue the tenancy beyond the original lease term. A lease extension agreement is essential when a tenant wishes to remain in the same property for an extended period, without going through the process of signing a completely new lease agreement. By mutually agreeing to extend the lease, both the landlord and tenant can avoid any disruptions in occupancy. The agreement typically includes important details such as the property address, names of the landlord and tenant(s), the original lease start and end dates, and the new extended lease term. It also specifies any revised terms or conditions, such as changes in rent amount, security deposit, or other provisions, agreed upon by both parties. There may be several types of Tempe, Arizona Residential or Rental Lease Extension Agreements, depending on the specific circumstances and needs of the parties involved: 1. Fixed-Term Extension Agreement: This type of extension agreement is used when both the landlord and tenant agree to extend the lease for a fixed period, such as six months or one year, without any changes to the original lease terms. 2. Modified Lease Extension Agreement: In certain cases, the parties may negotiate amendments to the existing lease terms during the extension period. This agreement outlines the changes agreed upon, such as a rent increase, additional provisions, or alterations to the lease clauses. 3. Month-to-Month Extension Agreement: When there is no fixed end date in the original lease or if the tenant prefers a month-to-month arrangement, this type of extension agreement allows the tenant to continue occupying the property on a monthly basis after the original lease expires. 4. Holdover Extension Agreement: In situations where the tenant continues to occupy the premise after the lease termination without formal agreement, this agreement can be used to formalize the extension of the tenancy, outlining the revised terms and conditions during the holdover period. It is crucial for both the landlord and tenant to carefully review and understand all the terms and conditions outlined in the Tempe, Arizona Residential or Rental Lease Extension Agreement before signing. Seeking legal advice and ensuring all modifications and extensions are compliant with local laws and regulations is highly recommended.Tempe, Arizona Residential or Rental Lease Extension Agreement is a legally binding document that extends the duration of a residential lease or rental agreement between a landlord and tenant in Tempe, Arizona. It outlines the terms and conditions that both parties must agree upon in order to continue the tenancy beyond the original lease term. A lease extension agreement is essential when a tenant wishes to remain in the same property for an extended period, without going through the process of signing a completely new lease agreement. By mutually agreeing to extend the lease, both the landlord and tenant can avoid any disruptions in occupancy. The agreement typically includes important details such as the property address, names of the landlord and tenant(s), the original lease start and end dates, and the new extended lease term. It also specifies any revised terms or conditions, such as changes in rent amount, security deposit, or other provisions, agreed upon by both parties. There may be several types of Tempe, Arizona Residential or Rental Lease Extension Agreements, depending on the specific circumstances and needs of the parties involved: 1. Fixed-Term Extension Agreement: This type of extension agreement is used when both the landlord and tenant agree to extend the lease for a fixed period, such as six months or one year, without any changes to the original lease terms. 2. Modified Lease Extension Agreement: In certain cases, the parties may negotiate amendments to the existing lease terms during the extension period. This agreement outlines the changes agreed upon, such as a rent increase, additional provisions, or alterations to the lease clauses. 3. Month-to-Month Extension Agreement: When there is no fixed end date in the original lease or if the tenant prefers a month-to-month arrangement, this type of extension agreement allows the tenant to continue occupying the property on a monthly basis after the original lease expires. 4. Holdover Extension Agreement: In situations where the tenant continues to occupy the premise after the lease termination without formal agreement, this agreement can be used to formalize the extension of the tenancy, outlining the revised terms and conditions during the holdover period. It is crucial for both the landlord and tenant to carefully review and understand all the terms and conditions outlined in the Tempe, Arizona Residential or Rental Lease Extension Agreement before signing. Seeking legal advice and ensuring all modifications and extensions are compliant with local laws and regulations is highly recommended.
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.
