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 Houston Texas Residential or Rental Lease Extension Agreement refers to a legal document that allows a tenant and landlord to extend the terms and conditions of an existing lease agreement. It is typically used when both parties wish to continue the tenancy beyond the initial lease period, maintaining the same conditions, rent amount, and other terms. This agreement is crucial as it helps establish clarity and avoid any misunderstandings between the tenant and landlord. It outlines the terms and conditions for the extended lease period, specifying the new start and end dates, revised rental amount (if applicable), and any changes or additions to the original lease agreement. Houston, Texas offers various types of Residential or Rental Lease Extension Agreements to cater to different situations, such as: 1. Fixed-Term Lease Extension Agreement: This type of extension agreement is used when both parties agree to extend the lease for a specific period, usually another year or a predetermined period mentioned in the agreement. 2. Month-to-Month Lease Extension Agreement: In cases where the original lease was on a month-to-month basis, this agreement allows for the extension to continue the tenancy indefinitely on a month-to-month basis. 3. Percentage Rent Lease Extension Agreement: If the rental agreement is based on a percentage of the tenant's sales, this type of extension agreement can be used to extend the lease while maintaining the percentage calculation of rent. 4. Option to Extend Lease Agreement: Some original lease agreements include an option for the tenant to extend the lease by a certain period. In this case, the tenant can exercise their option and sign an extension agreement to extend the lease. 5. Early Expiry Lease Extension Agreement: In certain situations, both the tenant and landlord may mutually agree to terminate the lease before the original end date. In such cases, an early expiry lease extension agreement can be used to formally terminate the existing lease and establish new terms for the agreed-upon early expiry. These various types of lease extension agreements are designed to cater to specific circumstances and provide a thorough framework for extending the tenancy. It is important for both parties to review and understand the terms and conditions of the lease extension agreement before signing to protect their rights and avoid any potential disputes in the future.A Houston Texas Residential or Rental Lease Extension Agreement refers to a legal document that allows a tenant and landlord to extend the terms and conditions of an existing lease agreement. It is typically used when both parties wish to continue the tenancy beyond the initial lease period, maintaining the same conditions, rent amount, and other terms. This agreement is crucial as it helps establish clarity and avoid any misunderstandings between the tenant and landlord. It outlines the terms and conditions for the extended lease period, specifying the new start and end dates, revised rental amount (if applicable), and any changes or additions to the original lease agreement. Houston, Texas offers various types of Residential or Rental Lease Extension Agreements to cater to different situations, such as: 1. Fixed-Term Lease Extension Agreement: This type of extension agreement is used when both parties agree to extend the lease for a specific period, usually another year or a predetermined period mentioned in the agreement. 2. Month-to-Month Lease Extension Agreement: In cases where the original lease was on a month-to-month basis, this agreement allows for the extension to continue the tenancy indefinitely on a month-to-month basis. 3. Percentage Rent Lease Extension Agreement: If the rental agreement is based on a percentage of the tenant's sales, this type of extension agreement can be used to extend the lease while maintaining the percentage calculation of rent. 4. Option to Extend Lease Agreement: Some original lease agreements include an option for the tenant to extend the lease by a certain period. In this case, the tenant can exercise their option and sign an extension agreement to extend the lease. 5. Early Expiry Lease Extension Agreement: In certain situations, both the tenant and landlord may mutually agree to terminate the lease before the original end date. In such cases, an early expiry lease extension agreement can be used to formally terminate the existing lease and establish new terms for the agreed-upon early expiry. These various types of lease extension agreements are designed to cater to specific circumstances and provide a thorough framework for extending the tenancy. It is important for both parties to review and understand the terms and conditions of the lease extension agreement before signing to protect their rights and avoid any potential disputes in the future.
