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 Daly City California Residential or Rental Lease Extension Agreement refers to a legal document that outlines the terms and conditions for prolonging the lease agreement between a landlord and tenant within Daly City, California. This agreement allows both parties to extend the existing lease beyond its original duration, ensuring continued occupancy of the rental property. The Daly City Residential or Rental Lease Extension Agreement serves as an addendum to the original lease agreement and provides a comprehensive understanding of the extended lease terms. By signing this agreement, both the landlord and tenant demonstrate their mutual intention to continue the lease relationship. Key Elements of a Daly City California Residential or Rental Lease Extension Agreement: 1. Parties Involved: The agreement identifies the landlord (property owner) and the tenant (occupant) by their full legal names, addresses, and contact information. 2. Property Description: The agreement includes a detailed description of the rental property, including its address, unit number (if applicable), and any specific features or amenities. 3. Original Lease Details: This section refers to the original lease agreement, specifying its start and end dates, rental amount, due dates, and other crucial terms initially agreed upon. 4. Extension Period: The duration by which the lease will be extended is explicitly mentioned in the agreement. Whether it is a month-to-month extension or for a fixed term (e.g., six months or a year), the specific dates should be clearly stated. 5. Rent Amount: The agreement defines the revised rental amount for the extended term, ensuring both parties agree on any adjustments or rent increases applicable during this period. It may include details regarding when and how the rent will be paid (e.g., electronic transfer, check, etc.). 6. Security Deposit: The agreement states if any changes to the security deposit are required for the lease extension. It may outline adjustments, additional deposits, or a refund process, if necessary. 7. Changes to Terms and Conditions: Any modified or new terms and conditions relevant to the lease extension should be explicitly mentioned in the agreement. This may include alterations to parking arrangements, pet policies, or utility responsibilities. 8. Notice Period for Termination: The agreement specifies the required notice period for either party to terminate or not renew the lease at the end of the extension term. This aspect helps ensure that both parties have sufficient time to plan their next steps accordingly. Types of Daly City California Residential or Rental Lease Extension Agreements: 1. Month-to-Month Extension: This type of agreement allows the lease to be extended on a month-to-month basis, providing flexibility for both the landlord and tenant. Monthly rent and terms can be adjusted with proper notice. 2. Fixed-Term Extension: In this agreement, the lease is extended for a specific period, such as six months or a year. The terms agreed upon during the original lease may still apply, with potential modifications or adjustments as negotiated. Daly City California Residential or Rental Lease Extension Agreements play a crucial role in maintaining a harmonious landlord-tenant relationship and ensuring a clear understanding of the continued lease arrangements. These legal agreements offer protection and peace of mind for both parties involved in Daly City's residential rental market.A Daly City California Residential or Rental Lease Extension Agreement refers to a legal document that outlines the terms and conditions for prolonging the lease agreement between a landlord and tenant within Daly City, California. This agreement allows both parties to extend the existing lease beyond its original duration, ensuring continued occupancy of the rental property. The Daly City Residential or Rental Lease Extension Agreement serves as an addendum to the original lease agreement and provides a comprehensive understanding of the extended lease terms. By signing this agreement, both the landlord and tenant demonstrate their mutual intention to continue the lease relationship. Key Elements of a Daly City California Residential or Rental Lease Extension Agreement: 1. Parties Involved: The agreement identifies the landlord (property owner) and the tenant (occupant) by their full legal names, addresses, and contact information. 2. Property Description: The agreement includes a detailed description of the rental property, including its address, unit number (if applicable), and any specific features or amenities. 3. Original Lease Details: This section refers to the original lease agreement, specifying its start and end dates, rental amount, due dates, and other crucial terms initially agreed upon. 4. Extension Period: The duration by which the lease will be extended is explicitly mentioned in the agreement. Whether it is a month-to-month extension or for a fixed term (e.g., six months or a year), the specific dates should be clearly stated. 5. Rent Amount: The agreement defines the revised rental amount for the extended term, ensuring both parties agree on any adjustments or rent increases applicable during this period. It may include details regarding when and how the rent will be paid (e.g., electronic transfer, check, etc.). 6. Security Deposit: The agreement states if any changes to the security deposit are required for the lease extension. It may outline adjustments, additional deposits, or a refund process, if necessary. 7. Changes to Terms and Conditions: Any modified or new terms and conditions relevant to the lease extension should be explicitly mentioned in the agreement. This may include alterations to parking arrangements, pet policies, or utility responsibilities. 8. Notice Period for Termination: The agreement specifies the required notice period for either party to terminate or not renew the lease at the end of the extension term. This aspect helps ensure that both parties have sufficient time to plan their next steps accordingly. Types of Daly City California Residential or Rental Lease Extension Agreements: 1. Month-to-Month Extension: This type of agreement allows the lease to be extended on a month-to-month basis, providing flexibility for both the landlord and tenant. Monthly rent and terms can be adjusted with proper notice. 2. Fixed-Term Extension: In this agreement, the lease is extended for a specific period, such as six months or a year. The terms agreed upon during the original lease may still apply, with potential modifications or adjustments as negotiated. Daly City California Residential or Rental Lease Extension Agreements play a crucial role in maintaining a harmonious landlord-tenant relationship and ensuring a clear understanding of the continued lease arrangements. These legal agreements offer protection and peace of mind for both parties involved in Daly City's residential rental market.
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.
