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.
Toledo Ohio Residential Lease Extension Agreement is a legal document that outlines the terms and conditions for extending the period of a residential rental lease in Toledo, Ohio. It is designed to ensure that both the landlord and the tenant are fully aware of their rights and responsibilities during the extended lease period. The Toledo Ohio Residential Lease Extension Agreement includes relevant keywords to help identify and define its purpose. Some of these keywords may include "Toledo Ohio," "residential lease extension," "agreement," and "rental lease extension." These keywords make it easier for individuals to search for specific lease extension information tailored to Toledo, Ohio. There are different types of lease extensions available in Toledo, Ohio, depending on the specific needs and circumstances of the tenant and the landlord. Some common types of Toledo Ohio Residential Lease Extension Agreements are: 1. Fixed Term Lease Extension: This type of lease extension agreement is used when both the tenant and landlord agree to extend the lease for a specific duration. The terms, conditions, and rent amount remain the same during the extended period. 2. Month-to-Month Lease Extension: This type of extension agreement allows the tenant to continue renting the property on a month-to-month basis after the initial lease term expires. The terms, conditions, and rent amount may be subject to change with proper notice from either party. 3. Lease Renewal Agreement: Unlike a lease extension, a lease renewal agreement is used when the tenant and landlord decide to start a new lease term after the initial lease expires. The terms, conditions, and rent amount may be revised and updated during the lease renewal process. 4. Short-Term Lease Extension: This extension agreement is applicable when the tenant and landlord want to extend the lease for a relatively short period, typically less than a year. The terms, conditions, and rent amount may remain the same or be modified by mutual agreement. Toledo Ohio Residential Lease Extension Agreements must comply with local laws and regulations applicable to rental properties in Toledo, Ohio. It is advisable for both parties to seek legal advice and review the document carefully before signing to ensure their rights and obligations are protected throughout the extended lease period.
