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 Jersey City New Jersey Residential or Rental Lease Extension Agreement is a legally binding document that outlines the terms and conditions for extending the lease period of a residential property or rental unit located in Jersey City, New Jersey. This agreement is designed to provide a clear understanding between the landlord and the tenant regarding the extension of the lease and protect the rights and responsibilities of both parties involved. The Residential or Rental Lease Extension Agreement in Jersey City ensures that all relevant lease terms remain valid and in effect for the extended period. It typically includes important details such as the names and contact information of the landlord and tenant, the property address, the original lease start and end dates, and the agreed-upon extended lease start and end dates. The agreement specifies the new lease terms, including any changes or modifications to the original lease. This may cover aspects such as the rent amount, payment schedule, maintenance responsibilities, security deposit, parking arrangements, pet policies, utilities, and any other relevant clauses that are pertinent to the property in question. Different types of Jersey City New Jersey Residential or Rental Lease Extension Agreements may include: 1. Fixed-Term Lease Extension Agreement: This type of agreement is used when both the landlord and tenant agree to extend the lease for a predetermined fixed period. The agreement states the exact start and end date of the extended lease. 2. Month-to-Month Lease Extension Agreement: In situations where the original lease was on a month-to-month basis, this type of agreement allows the tenant to extend their stay on a month-to-month basis. The agreement typically requires a notice period from the tenant to terminate the lease. 3. Early Lease Renewal Agreement: This agreement is used when the tenant wishes to extend the lease before the original lease term expires. It may involve negotiating new terms or rent adjustments for the extended period.
