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.
Santa Maria California Residential or Rental Lease Extension Agreement is a legally binding contract that allows the tenant and landlord to extend their existing lease agreement for a specified period of time. This agreement is used when both parties agree to continue the rental or residential lease beyond its original term. A lease extension agreement serves as an addendum to the original lease agreement and contains the terms and conditions of the extended lease period. Keywords: 1. Santa Maria California: This refers to the specific location for which the lease extension agreement is applicable, ensuring its relevance in a specific geographic area. 2. Residential Lease: This term indicates that the lease extension agreement relates to residential properties, such as houses, apartments, or condominiums. 3. Rental Lease: This term signifies that the lease extension agreement involves a rental property that is being leased by a tenant. 4. Extension Agreement: This emphasizes that the purpose of the document is to extend the existing lease agreement, rather than creating a new one. 5. Tenant: The individual or group of individuals who are occupying the rental property and hold the original lease agreement. 6. Landlord: The property owner or management company responsible for renting out the premises. 7. Terms and Conditions: This refers to the various clauses and stipulations within the lease extension agreement that both parties must adhere to during the extended lease period. Types of Santa Maria California Residential or Rental Lease Extension Agreements could include: 1. Fixed-Term Lease Extension Agreement: This type of agreement is used when both the tenant and landlord agree to extend the fixed term lease for a specific duration beyond its original end date. 2. Month-to-Month Lease Extension Agreement: This agreement is applicable when the original lease was on a month-to-month basis, and both parties wish to extend the tenancy on a month-to-month basis as well. 3. Renewal Lease Extension Agreement: In the case where the original lease is expiring, but both tenant and landlord wish to enter into a new lease agreement with revised terms and conditions, a renewal lease extension agreement may be used. Santa Maria California Residential or Rental Lease Extension Agreements ensure that both parties continue their rental or lease relationship with transparency and clarity regarding the terms and duration of the extended lease period. It safeguards the rights and responsibilities of both the tenant and landlord, providing them with a mutually agreed-upon framework for their continued tenancy.
