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 Waterbury, Connecticut Residential or Rental Lease Extension Agreement is a legal contract that allows for the continuation of a rental or lease agreement beyond its original term. It outlines the terms and conditions of the extension, including duration, rent adjustments, and any additional terms agreed upon by both parties. This agreement is generally used when a landlord and tenant wish to prolong their existing residential lease or rental arrangement. It serves as a formal document that ensures both parties are protected and aware of their rights and responsibilities during the extended lease period. In Waterbury, Connecticut, there are two common types of lease extension agreements: 1. Fixed-Term Lease Extension Agreement: This type of extension occurs when both the landlord and tenant agree to extend the lease for a set period, often with a specific end date. The agreement will clearly state the duration of the extension, any changes to rent or other terms, and the final date of the extended term. 2. Month-to-Month Lease Extension Agreement: In some cases, both parties may decide to transition from a fixed-term lease to a month-to-month arrangement. This type of agreement allows for a more flexible lease term, where either the landlord or tenant can terminate the lease with proper notice. The terms of the original lease, such as rent amount and other agreed-upon conditions, may generally remain the same, unless otherwise negotiated. Key elements typically included in a Waterbury, Connecticut Residential or Rental Lease Extension Agreement are: 1. Parties Involved: Identifies the landlord (lessor) and tenant (lessee) by their full legal names and addresses. 2. Original Lease Details: References the original lease date, term, and any specific clauses or provisions that are still applicable. 3. Extension Date and Term: Clearly states the date the extension begins and ends, specifying the duration of the extended term. 4. Rent Adjustments: Outlines any changes in the rental amount or any new terms related to rent payment, including the frequency and method of payment. 5. Other Terms and Conditions: Addresses any alterations or modifications to the original lease agreement, such as maintenance responsibilities, utilities, and rules/regulations. 6. Signatures: Requires both parties to sign and date the agreement, indicating their consent and understanding of the extension terms. When considering a Waterbury, Connecticut Residential or Rental Lease Extension Agreement, it is crucial for both parties to carefully review the agreement's terms and seek legal advice if needed.
