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 Fullerton California Residential or Rental Lease Extension Agreement is a legally binding document that outlines the terms and conditions for extending a residential lease agreement in Fullerton, California. It is used when both the tenant and landlord agree to extend the existing lease beyond its original expiration date. This agreement is crucial as it provides clarity and sets forth the rights and responsibilities of both parties during the extended period. It serves to protect the interests of both the tenant and landlord and ensures a smooth continuation of the lease arrangement. The Fullerton California Residential or Rental Lease Extension Agreement typically includes key details such as the names and contact information of the tenant and landlord, the property address, and the original lease agreement's expiration date. It may also include the following vital information: 1. Extension Term: The agreement specifies the length of time the lease will be extended. For example, it could be a month-to-month extension, a six-month extension, or a yearly extension. 2. Rent Amount: The agreement includes the revised rent amount for the extended period. It outlines any changes, such as rent increases or discounts, and specifies the payment schedule. 3. Security Deposit: If there are any changes to the security deposit, such as an increase or decrease, the agreement outlines the revised amount. 4. Maintenance and Repairs: The agreement clarifies the party responsible for specific repairs and maintenance during the extended period. It may also outline any modifications or alterations the tenant wishes to make. 5. Termination Clause: This clause explains the conditions under which the extended lease can be terminated by either party, such as providing advance notice or due to specific circumstances. 6. Utilities: The agreement specifies which party is responsible for paying utility bills, including electricity, water, gas, and other applicable charges. It is important to note that there may be different types of Fullerton California Residential or Rental Lease Extension Agreements based on specific circumstances or preferences. Some common types could include: 1. Month-to-Month Lease Extension Agreement: This type of agreement extends the lease on a month-to-month basis, providing flexibility for both the tenant and landlord. 2. Fixed-Term Lease Extension Agreement: In some cases, the parties may agree to extend the lease for a fixed term, such as six months or a year. 3. Early Lease Termination with Extension: This type of agreement is used when a tenant wishes to terminate the lease early but seeks an extension for a specific period before moving out. In conclusion, the Fullerton California Residential or Rental Lease Extension Agreement is a vital document that outlines the terms of extending a residential lease in Fullerton, California. It ensures both parties are aware of their rights and obligations during the extended period, and it can come in various forms based on the specific circumstances.The Fullerton California Residential or Rental Lease Extension Agreement is a legally binding document that outlines the terms and conditions for extending a residential lease agreement in Fullerton, California. It is used when both the tenant and landlord agree to extend the existing lease beyond its original expiration date. This agreement is crucial as it provides clarity and sets forth the rights and responsibilities of both parties during the extended period. It serves to protect the interests of both the tenant and landlord and ensures a smooth continuation of the lease arrangement. The Fullerton California Residential or Rental Lease Extension Agreement typically includes key details such as the names and contact information of the tenant and landlord, the property address, and the original lease agreement's expiration date. It may also include the following vital information: 1. Extension Term: The agreement specifies the length of time the lease will be extended. For example, it could be a month-to-month extension, a six-month extension, or a yearly extension. 2. Rent Amount: The agreement includes the revised rent amount for the extended period. It outlines any changes, such as rent increases or discounts, and specifies the payment schedule. 3. Security Deposit: If there are any changes to the security deposit, such as an increase or decrease, the agreement outlines the revised amount. 4. Maintenance and Repairs: The agreement clarifies the party responsible for specific repairs and maintenance during the extended period. It may also outline any modifications or alterations the tenant wishes to make. 5. Termination Clause: This clause explains the conditions under which the extended lease can be terminated by either party, such as providing advance notice or due to specific circumstances. 6. Utilities: The agreement specifies which party is responsible for paying utility bills, including electricity, water, gas, and other applicable charges. It is important to note that there may be different types of Fullerton California Residential or Rental Lease Extension Agreements based on specific circumstances or preferences. Some common types could include: 1. Month-to-Month Lease Extension Agreement: This type of agreement extends the lease on a month-to-month basis, providing flexibility for both the tenant and landlord. 2. Fixed-Term Lease Extension Agreement: In some cases, the parties may agree to extend the lease for a fixed term, such as six months or a year. 3. Early Lease Termination with Extension: This type of agreement is used when a tenant wishes to terminate the lease early but seeks an extension for a specific period before moving out. In conclusion, the Fullerton California Residential or Rental Lease Extension Agreement is a vital document that outlines the terms of extending a residential lease in Fullerton, California. It ensures both parties are aware of their rights and obligations during the extended period, and it can come in various forms based on the specific circumstances.
