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 San Jose California Residential or Rental Lease Extension Agreement refers to a legally binding contract that allows the renewal or extension of an existing lease agreement for residential properties in the city of San Jose, California. This agreement is typically signed between the landlord/property owner and the tenant(s) and outlines the terms and conditions that will govern the renewed lease term. The purpose of a lease extension agreement is to provide both parties with the opportunity to continue their landlord-tenant relationship beyond the original lease period. It offers additional security and stability for tenants, as well as the assurance of a continued rental income for the landlords. Additionally, it allows for adjustments to be made to the terms of the original lease, such as rent increase, lease duration, or any other specific provisions. There may be different types of San Jose California Residential or Rental Lease Extension Agreements, depending on the specific circumstances and needs of the parties involved. Some common types include: 1. Fixed-term Extension: This agreement extends the lease for a predetermined period of time, usually for a year or more. It maintains the same terms and conditions as the original lease unless otherwise negotiated. 2. Month-to-Month Extension: This type of agreement renews the lease on a month-to-month basis, providing flexibility for both parties. It allows for a shorter-term commitment, with the option to terminate the lease with proper notice. 3. Lease Renewal with Renewal Incentives: In certain cases, landlords may offer incentives to tenants to encourage lease renewal. These incentives can include rent discounts, lease term modifications, upgrade options, or other benefits to attract tenants to renew the lease. Regardless of the type, a San Jose California Residential or Rental Lease Extension Agreement must include various key components. These usually consist of the names of the landlord(s) and tenant(s), the property address, the extension period, any changes to the terms of the original lease, rent adjustments, security deposit terms, maintenance responsibilities, and any other relevant provisions agreed upon by the parties. It is important for both landlords and tenants to carefully review the extension agreement, ensuring mutual understanding and agreement to the revised terms. It is often recommended seeking legal advice or the assistance of a qualified real estate professional when drafting or extending lease agreements to ensure compliance with local laws and regulations.A San Jose California Residential or Rental Lease Extension Agreement refers to a legally binding contract that allows the renewal or extension of an existing lease agreement for residential properties in the city of San Jose, California. This agreement is typically signed between the landlord/property owner and the tenant(s) and outlines the terms and conditions that will govern the renewed lease term. The purpose of a lease extension agreement is to provide both parties with the opportunity to continue their landlord-tenant relationship beyond the original lease period. It offers additional security and stability for tenants, as well as the assurance of a continued rental income for the landlords. Additionally, it allows for adjustments to be made to the terms of the original lease, such as rent increase, lease duration, or any other specific provisions. There may be different types of San Jose California Residential or Rental Lease Extension Agreements, depending on the specific circumstances and needs of the parties involved. Some common types include: 1. Fixed-term Extension: This agreement extends the lease for a predetermined period of time, usually for a year or more. It maintains the same terms and conditions as the original lease unless otherwise negotiated. 2. Month-to-Month Extension: This type of agreement renews the lease on a month-to-month basis, providing flexibility for both parties. It allows for a shorter-term commitment, with the option to terminate the lease with proper notice. 3. Lease Renewal with Renewal Incentives: In certain cases, landlords may offer incentives to tenants to encourage lease renewal. These incentives can include rent discounts, lease term modifications, upgrade options, or other benefits to attract tenants to renew the lease. Regardless of the type, a San Jose California Residential or Rental Lease Extension Agreement must include various key components. These usually consist of the names of the landlord(s) and tenant(s), the property address, the extension period, any changes to the terms of the original lease, rent adjustments, security deposit terms, maintenance responsibilities, and any other relevant provisions agreed upon by the parties. It is important for both landlords and tenants to carefully review the extension agreement, ensuring mutual understanding and agreement to the revised terms. It is often recommended seeking legal advice or the assistance of a qualified real estate professional when drafting or extending lease agreements to ensure compliance with local laws and regulations.
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.
