This is an agreement for the renewal of an existing lease for an additional term, with possible modifications. The agreement terms conform to state statutory law.This agreement is for the renewal of a non-commercial or residential lease.
A Sunnyvale California Residential Lease Renewal Agreement is a legally binding contract between the landlord and tenant in Sunnyvale, California. This agreement outlines the terms and conditions for extending a residential lease beyond its initial term. It is used when both parties wish to continue the leasing relationship and avoid the hassle of finding new tenants or properties. The lease renewal agreement typically includes important details such as the parties involved, the property address, and the current lease terms that are being extended. It also provides space to indicate any changes or amendments to the original lease agreement, such as rent adjustments, duration of the renewal, or any additional clauses or provisions. In Sunnyvale, there may be different types of residential lease renewal agreements based on the specific requirements of the landlord and tenant. These may include: 1. Fixed-term lease renewal agreement: This type of agreement is used when both parties agree to renew the lease for a specific period, typically one year. The terms and conditions of the renewed lease are agreed upon in advance. 2. Month-to-month lease renewal agreement: In some cases, the initial lease may have been a month-to-month arrangement. In this scenario, the parties may opt for a month-to-month lease renewal agreement, where they continue the leasing on a month-to-month basis. This allows for more flexibility and the option to terminate the agreement with proper notice. 3. Lease extension agreement: Instead of renewing the lease for a specific term, a lease extension agreement may be considered. This type of agreement simply extends the existing lease without any significant changes to the terms and conditions. This option is useful when both parties are satisfied with the current lease but wish to extend its duration. Regardless of the specific type of Sunnyvale California Residential Lease Renewal Agreement, it is essential to explicitly state all terms and conditions agreed upon by both parties. This includes the revised rent amount, duration of the renewal, any modifications to the original lease, and any additional clauses or provisions. Both parties should carefully review the agreement before signing to ensure that their rights and obligations are adequately protected. It is also advisable to seek legal advice or consult with a real estate professional when drafting or reviewing a residential lease renewal agreement to ensure compliance with local laws and regulations.
