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.
The Maricopa Arizona Residential or Rental Lease Extension Agreement is a legally binding document that allows tenants and landlords to extend the existing lease terms of a residential property in Maricopa, Arizona. This agreement is used when both parties mutually agree to continue the tenancy beyond the expiration date mentioned in the original lease. Keywords: Maricopa Arizona, residential, rental, lease extension agreement, tenants, landlords, existing lease, tenancy, expiration date, original lease. Types of Maricopa Arizona Residential or Rental Lease Extension Agreement: 1. Fixed-term extension: This type of lease extension agreement is used when both the tenant and landlord agree to extend the lease for a specific period beyond the original expiration date. The extended term is predetermined and agreed upon by both parties. 2. Month-to-month extension: In cases where the tenant and landlord wish to continue the tenancy on a month-to-month basis, they can opt for this type of lease extension agreement. It allows for a flexible arrangement without a fixed end date, with the ability for either party to terminate the agreement by providing sufficient notice as per the terms mentioned in the original lease. 3. Automatic renewal extension: Some leases may include an automatic renewal clause, which states that the lease will be automatically renewed for a specified term unless either party provides written notice of termination. In such cases, if both parties wish to extend the lease, they can utilize an automatic renewal extension agreement to confirm the continuation of the tenancy. 4. Short-term extension: A short-term lease extension agreement can be utilized when tenants and landlords agree to extend the lease for a brief period, usually for a few weeks or months. This type of extension is common when there is a need for temporary accommodation or when the tenant requires extra time to find alternative housing. 5. Conditional extension: In some cases, a lease extension agreement may include certain conditions that need to be met for the extension to be valid. These conditions can be related to rent adjustments, property maintenance, or other specific requirements agreed upon by both parties. A conditional extension agreement ensures that the terms and conditions of the original lease are upheld during the extended period. Keywords: fixed-term extension, month-to-month extension, automatic renewal extension, short-term extension, conditional extension, flexibility, termination notice, automatic renewal clause, temporary accommodation, rent adjustments, property maintenance. Please note that it is important to consult with legal professionals and refer to specific state and local laws to ensure compliance and accuracy when drafting or signing a Maricopa Arizona Residential or Rental Lease Extension Agreement.
