New Hampshire Commercial Lease Extension

• Category: Landlord Tenant - Commercial Leases
• State: Multi-State
• Control #: US-0172BG
• Format: Word; Rich Text

Description

This Commercial Lease Extension Agreement will extend an existing Commercial Lease. This extension sets forth the date of the original lease, term of extension and revised rental payments. This Commercial Lease Extension Agreement must be signed by the parties to the original lease. A New Hampshire commercial lease extension refers to the process of prolonging an existing lease agreement between a landlord and a tenant for a commercial property located in the state of New Hampshire. This extension allows the tenant to continue occupying the premises beyond the original lease term. A commercial lease extension in New Hampshire offers various benefits to both landlords and tenants. For landlords, it ensures a stable rental income by retaining a reliable tenant who is already familiar with the property and its operations. On the other hand, tenants gain the advantage of continuity in their business operations, avoiding the hassle and expenses associated with relocating to a new location. Different types of commercial lease extensions in New Hampshire may include: 1. Fixed-Term Extension: This type of extension refers to a specific duration added to the original lease term. It could be a few months, a year, or even multiple years, depending on the agreement between the landlord and tenant. 2. Renewal Option: A renewal option allows the tenant to extend the lease for a specified time period, usually the same term as the initial lease, once it expires. This option provides flexibility to the tenant to decide whether they want to continue their tenancy. 3. Month-to-Month Extension: Sometimes, tenants prefer a month-to-month extension rather than committing to a long-term lease. This type of extension allows the tenant to occupy the premises on a month-to-month basis, giving them the flexibility to terminate the lease with short notice. 4. Percentage Rent Extension: In certain commercial leases, tenants may pay a fixed base rent along with an additional percentage of their monthly sales revenue as part of the rental agreement. A percentage rent extension would allow the tenant to continue this arrangement for an extended period. When considering a New Hampshire commercial lease extension, it is crucial for both parties to thoroughly review and negotiate the terms and conditions. This may include discussing rent adjustments, options for further extensions, maintenance responsibilities, and any other relevant provisions. Overall, a New Hampshire commercial lease extension offers an opportunity for landlords and tenants to continue their business relationship beyond the initial lease term, ensuring stability and success for both parties involved.

A New Hampshire commercial lease extension refers to the process of prolonging an existing lease agreement between a landlord and a tenant for a commercial property located in the state of New Hampshire. This extension allows the tenant to continue occupying the premises beyond the original lease term. A commercial lease extension in New Hampshire offers various benefits to both landlords and tenants. For landlords, it ensures a stable rental income by retaining a reliable tenant who is already familiar with the property and its operations. On the other hand, tenants gain the advantage of continuity in their business operations, avoiding the hassle and expenses associated with relocating to a new location. Different types of commercial lease extensions in New Hampshire may include: 1. Fixed-Term Extension: This type of extension refers to a specific duration added to the original lease term. It could be a few months, a year, or even multiple years, depending on the agreement between the landlord and tenant. 2. Renewal Option: A renewal option allows the tenant to extend the lease for a specified time period, usually the same term as the initial lease, once it expires. This option provides flexibility to the tenant to decide whether they want to continue their tenancy. 3. Month-to-Month Extension: Sometimes, tenants prefer a month-to-month extension rather than committing to a long-term lease. This type of extension allows the tenant to occupy the premises on a month-to-month basis, giving them the flexibility to terminate the lease with short notice. 4. Percentage Rent Extension: In certain commercial leases, tenants may pay a fixed base rent along with an additional percentage of their monthly sales revenue as part of the rental agreement. A percentage rent extension would allow the tenant to continue this arrangement for an extended period. When considering a New Hampshire commercial lease extension, it is crucial for both parties to thoroughly review and negotiate the terms and conditions. This may include discussing rent adjustments, options for further extensions, maintenance responsibilities, and any other relevant provisions. Overall, a New Hampshire commercial lease extension offers an opportunity for landlords and tenants to continue their business relationship beyond the initial lease term, ensuring stability and success for both parties involved.