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.
Los Angeles California Residential or Rental Lease Extension Agreement is a legal document used to extend the duration of a residential lease agreement in Los Angeles, California. This agreement allows tenants and landlords to mutually agree on continuing the lease beyond its original term. The Los Angeles Residential or Rental Lease Extension Agreement is essential when both parties are satisfied with the existing lease terms, and they wish to extend the tenancy without entering into a new agreement. This document helps avoid the hassle of finding new tenants or searching for a new rental property and provides a smooth transition to the extended lease period. The agreement typically includes the following key details: 1. Parties involved: The agreement mentions the full names and addresses of both the tenant(s) and the landlord(s). This ensures that the document remains legally binding. 2. Property details: The address and description of the rental property are specified, including the unit number (if applicable) and any additional amenities or facilities associated with the property. 3. Original lease details: The extension agreement refers to the original lease or rental agreement's start and end dates, as well as any specific terms or conditions outlined in the original document. 4. Extension period: The agreement specifies the duration of the extension, indicating the new lease end date. Both parties should agree upon this extension period. 5. Rent and payment details: The document outlines the revised rent amount, including any adjustments, such as increases or decreases in rent. It also mentions the due dates, preferred payment methods, and any penalties for late payments during the extended lease period. 6. Other terms and conditions: The agreement may include additional provisions, such as rules regarding subletting, property maintenance responsibilities, utilities, and any other specific terms mutually agreed upon by the tenant and the landlord. Los Angeles offers various types of residential or rental lease extension agreements tailored to specific situations, such as: 1. Month-to-Month Lease Extension Agreement: This agreement is used when both parties wish to continue the tenancy on a month-to-month basis without committing to a fixed-term lease. This provides flexibility for tenants who may need to relocate or landlords who plan to sell the property in the near future. 2. Fixed-Term Lease Extension Agreement: This agreement allows tenants and landlords to extend the lease for a specific period beyond the original fixed-term lease. It ensures stability and security for both parties who wish to continue the tenancy while adhering to a predefined duration. 3. Renewal Lease Extension Agreement: A renewal lease extension agreement is used when the existing lease is about to expire, and both parties agree to extend the lease under the same or revised terms and conditions. It enables tenants and landlords to continue the tenancy without any gaps. It is crucial to understand that a Los Angeles California Residential or Rental Lease Extension Agreement should comply with all applicable state and local laws, including tenant rights and rental regulations. Seeking legal advice or consulting an attorney is always recommended ensuring the agreement's accuracy and validity.
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.
