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 Cambridge Massachusetts Residential or Rental Lease Extension Agreement is a legal contract between a landlord and a tenant which extends the duration of a current lease agreement for a residential property in Cambridge, Massachusetts. This agreement allows both parties to continue the tenant's occupancy beyond the original lease term. The Cambridge Massachusetts Residential or Rental Lease Extension Agreement specifies the terms and conditions that will apply during the extended period. This includes the new end date of the lease, any changes in the rent amount, security deposit, or other lease provisions. The agreement may also outline any specific terms agreed upon by the landlord and tenant, such as repairs or improvements to the property. There are various types of Cambridge Massachusetts Residential or Rental Lease Extension Agreements based on the specific circumstances: 1. Fixed-term Lease Extension Agreement: This type of agreement is used when the landlord and tenant want to extend the lease for a specific period of time, such as six months or a year. The terms and conditions remain the same as the original lease, except for the duration. 2. Month-to-Month Lease Extension Agreement: This agreement allows the tenant to continue renting on a month-to-month basis after the initial lease term has ended. The terms of the original lease still apply, but either party can terminate the agreement with proper notice. 3. Rent Increase Lease Extension Agreement: In cases where the landlord intends to raise the rent, this agreement is used to extend the lease while outlining the new rental amount. The agreement will also cover any other revised terms or conditions. 4. Amended Lease Extension Agreement: This type of agreement is used when both parties agree to modify certain terms of the original lease while extending its duration. It could involve changes in rent, amendments to pet policies, or updates to maintenance responsibilities. By signing a Cambridge Massachusetts Residential or Rental Lease Extension Agreement, both the landlord and tenant protect their rights and obligations, ensuring a smooth continuation of the tenancy. It is crucial for both parties to clearly understand the terms and conditions of the agreement before signing it. Legal assistance or consultation may be sought to ensure compliance with local laws and regulations.
