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.
Elk Grove California Residential or Rental Lease Extension Agreement is a legally binding document that outlines the terms and conditions for extending a residential lease agreement in Elk Grove, California. This agreement is typically used when both the landlord and tenant wish to continue the lease beyond its original expiration date. The Elk Grove California Residential or Rental Lease Extension Agreement sets out the new lease term, rental amount, and any changes or additions to the original lease agreement. It also incorporates any applicable laws and regulations specific to California and Elk Grove. Keywords: Elk Grove California, Residential or Rental, Lease Extension Agreement Types of Elk Grove California Residential or Rental Lease Extension Agreements may include: 1. Fixed-Term Lease Extension Agreement: This type of agreement extends the lease for a specific period of time, typically in increments of months or years. The new lease term and rental amount are clearly stated, and both parties must agree to the extension. 2. Month-to-Month Lease Extension Agreement: If the original lease was a month-to-month agreement, this type of extension agreement allows the lease to continue on a month-to-month basis. The new lease term and any changes in the rental amount are specified. 3. Lease Renewal Agreement: In some cases, the landlord and tenant may choose to sign a new lease agreement instead of extending the existing one. This option provides the opportunity to update terms, such as rent increases or alterations to the original lease clauses. 4. Addendum to the Lease Agreement: Instead of creating a separate extension agreement, an addendum can be used to modify or extend specific terms of the existing lease. This may include changes to rent, lease duration, or other agreed-upon modifications. It is important to consult with a legal professional when drafting or signing an Elk Grove California Residential or Rental Lease Extension Agreement to ensure compliance with local laws and regulations.
