The Oregon Agreement to Renew Lease is a legally binding document that outlines the terms and conditions for extending a lease agreement between a landlord and a tenant in the state of Oregon. This agreement is used when both parties have agreed to continue the existing lease for an additional period. The Oregon Agreement to Renew Lease typically includes essential information such as the names of the landlord and tenant, the property address, and the original lease's start and end dates. It also specifies the new term period, which is the additional length of time the lease will be extended. Furthermore, this agreement outlines any changes to the original lease terms, if applicable. These changes can include adjustments to the monthly rent, security deposit amounts, or other provisions previously agreed upon. It is essential to be thorough while drafting this document, ensuring that all terms are clear, concise, and agreed upon by both parties. In Oregon, there are different types of Agreement to Renew Lease, depending on the specific requirements or circumstances. Some variations include: 1. Oregon Residential Agreement to Renew Lease: This type of agreement is used for the renewal of residential leases, such as apartments, single-family homes, or condominiums. 2. Oregon Commercial Agreement to Renew Lease: Commercial leases, for properties like office spaces, retail stores, or industrial units, require a specific agreement tailored to commercial leasing laws and regulations. 3. Oregon Month-to-Month Agreement to Renew Lease: In situations where the original lease was on a month-to-month basis, this agreement allows for the renewal of the lease on similar terms while specifying any changes agreed upon. No matter the specific type of Oregon Agreement to Renew Lease, it is crucial for both parties to review and understand the terms thoroughly before signing. Consulting with an attorney or legal professional can provide additional assurance that the agreement meets all legal requirements and protects the interests of both the landlord and tenant.