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.
A Stamford Connecticut residential or rental lease extension agreement is a legally binding contract that extends the duration of a lease agreement between a landlord and a tenant in Stamford, Connecticut. This agreement is used when both parties are interested in continuing their existing lease beyond its original expiration date. It outlines the terms and conditions for the extended lease period. The Stamford Connecticut residential or rental lease extension agreement may contain various key elements such as: 1. Parties Involved: The agreement identifies the landlord (property owner) and the tenant (occupant) who entered into the original lease agreement. 2. Property Description: It provides a detailed description of the rental property, including the address, unit number, and any specific features or amenities. 3. Extension Period: The agreement specifies the duration of the lease extension. It may be for a specific number of months or years, or it can be left open-ended. 4. Rent Payments: The agreement outlines the new rental payment terms for the extended lease period. This may include the revised rent amount, due date, and any changes to payment methods. 5. Lease Terms and Conditions: It incorporates the existing lease terms and conditions, along with any modifications or additions agreed upon by both parties. These terms cover various aspects, such as property maintenance, utilities, pets, and noise regulations. 6. Security Deposit: The extension agreement clarifies the handling of the security deposit, including any adjustments or requirements for its refund at the end of the extended lease period. 7. Early Termination and Renewal Options: Some lease extension agreements may include provisions allowing for either party to terminate the lease early or renew it further upon mutual agreement. The conditions for such events are outlined in this section. 8. Legal Procedures: This section states that the lease extension agreement will be governed by the laws of Connecticut and any disputes will be resolved in accordance with the state's legal system. Different types of Stamford Connecticut residential or rental lease extension agreements may include: 1. Fixed-Term Lease Extension: This type of extension agreement specifies a set duration for the extended lease period, such as an additional year or a specific number of months. 2. Month-to-Month Lease Extension: In this case, the agreement allows the lease to continue on a month-to-month basis, without a fixed end date. It provides both the tenant and the landlord with more flexibility. 3. Early Termination with Extension Option: Sometimes, an agreement may include an option for early termination if certain conditions are met, while also allowing for an extension of the lease if both parties agree. In conclusion, a Stamford Connecticut residential or rental lease extension agreement is a detailed document that outlines the terms and conditions for extending a lease beyond its original expiration date. Different types of extension agreements may exist, catering to specific needs and circumstances of the parties involved.
