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 Columbus Ohio Residential or Rental Lease Extension Agreement refers to a legal document that extends the duration of an existing lease between a landlord and a tenant in Columbus, Ohio. It allows both parties to continue their residential or rental agreement beyond its original end date. This agreement is commonly used when the initial lease term is about to expire, and both the landlord and tenant are willing to extend their relationship. The lease extension agreement ensures that all terms, conditions, and obligations of the original lease remain in effect during the extended period. It outlines the new lease duration, which could be a few months, a year, or any other mutually agreed-upon period. Additionally, it may also incorporate any agreed-upon changes to the existing lease, such as updates to the rental amount, maintenance responsibilities, or any modifications to the property. By signing the lease extension agreement, both parties reaffirm their commitment to the terms and conditions specified in the original lease. It offers security and peace of mind for both tenants and landlords, as they have a clear understanding of what is expected during the extended period. Different types of Columbus Ohio Residential or Rental Lease Extension Agreements vary based on the duration of the extension and specific conditions set forth by both parties. Some common types include: 1. Short-Term Lease Extension Agreement: This type of agreement is usually used when there is a temporary need for extending the lease, such as for a few months until a new property becomes available or while the tenant finalizes relocation plans. 2. Annual Lease Extension Agreement: This agreement extends the lease for an additional year, commonly used when both the tenant and landlord wish to continue the lease on a long-term basis without making significant changes to the original agreement. 3. Modified Lease Extension Agreement: In certain cases, the landlord and tenant may negotiate new terms or conditions for the extended lease period. This type of agreement includes any modifications agreed upon by both parties, such as changes in rent, additional services, or alterations to the property. Ultimately, the Columbus Ohio Residential or Rental Lease Extension Agreement serves as a legally binding contract that ensures a smooth transition and continued stay for the tenant while providing stability and assurance of a continued rental income for the landlord.
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.
