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An underlease is a lease that is not granted by a freehold owner but by a person who is, himself, a tenant. So it is a lease which is granted out of another lease.

A lease extension addendum is a legal document extending a lease between a landlord and a tenant. It can also change conditions such as the rent amount, security deposit, utilities, and other provisions. If no changes are made other than the termination date, all other terms of the original lease will remain in place.

An option to renew or extend the lease means that upon the tenant's exercise of the option (choice), the provisions of the agreed-upon option are adopted for another defined term. The terms of the option can include the length of the new term, a change in rent, and other modifications.

For month-to-month leases, Arizona rental owners must give at least a 30-day notice prior to making any substantial change to the lease agreement, including raising rent. For longer leases, landlords cannot make changes until the lease ends and the new tenancy begins unless otherwise specified.

The Leaseholder has to pay for the Freeholder's 'reasonable legal and valuation costs, except any costs which are incurred in connection with proceedings before an LVT', ing to the Leasehold Reform, Housing and Urban Development Act 1993.

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An Arizona month-to-month lease agreement is a lease contract that automatically renews on a monthly basis but may be canceled by either party with a month's notice. This type of arrangement can be very useful to both the landlord and tenant when unsure of the exact length of time the rental period should be in effect.