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 Killeen Texas Residential or Rental Lease Extension Agreement refers to a legal contract between a landlord and tenant that extends the duration of a residential lease beyond its original termination date. This agreement allows the tenant to continue residing in the property for a specified period, usually with few or no changes to the original terms and conditions outlined in the initial lease agreement. In Killeen, Texas, there are two primary types of Residential or Rental Lease Extension Agreements that are commonly used: 1. Fixed-Term Lease Extension Agreement: This type of extension is applicable when both parties agree to extend the lease for a specific period. For example, if the original lease was for one year, the extension may be for another six months or a year. The terms and conditions of the original lease usually remain intact unless otherwise specified in the extension agreement. 2. Month-to-Month Lease Extension Agreement: In situations where a tenant desires to extend the lease on a month-to-month basis, this type of agreement becomes relevant. Month-to-month extensions offer flexibility for both the tenant and landlord, as either party can terminate the lease with proper notice. The terms of the original lease typically carry over, but modifications can be made if both parties agree. Key terms and conditions that should be included in a Killeen Texas Residential or Rental Lease Extension Agreement are: — Names and contact information of both the landlord and tenant. — Address and description of the leased property. — Original lease agreement details, including the initial term, rent amount, and any existing clauses. — Extension period, specifying the exact dates or the notice required for month-to-month extensions. — Rent payment terms and any changes (if applicable). — Maintenance and repair responsibilities. — Utility allocation and payment terms— - Rules and regulations for the property, including any changes from the original lease. — Signatures of both parties, indicating their acceptance and agreement to the extension terms. It is crucial for both landlords and tenants to review the Killeen Texas Residential or Rental Lease Extension Agreement carefully to ensure they understand the new terms and conditions. Consulting a legal professional is advisable to ensure compliance with local laws and regulations.A Killeen Texas Residential or Rental Lease Extension Agreement refers to a legal contract between a landlord and tenant that extends the duration of a residential lease beyond its original termination date. This agreement allows the tenant to continue residing in the property for a specified period, usually with few or no changes to the original terms and conditions outlined in the initial lease agreement. In Killeen, Texas, there are two primary types of Residential or Rental Lease Extension Agreements that are commonly used: 1. Fixed-Term Lease Extension Agreement: This type of extension is applicable when both parties agree to extend the lease for a specific period. For example, if the original lease was for one year, the extension may be for another six months or a year. The terms and conditions of the original lease usually remain intact unless otherwise specified in the extension agreement. 2. Month-to-Month Lease Extension Agreement: In situations where a tenant desires to extend the lease on a month-to-month basis, this type of agreement becomes relevant. Month-to-month extensions offer flexibility for both the tenant and landlord, as either party can terminate the lease with proper notice. The terms of the original lease typically carry over, but modifications can be made if both parties agree. Key terms and conditions that should be included in a Killeen Texas Residential or Rental Lease Extension Agreement are: — Names and contact information of both the landlord and tenant. — Address and description of the leased property. — Original lease agreement details, including the initial term, rent amount, and any existing clauses. — Extension period, specifying the exact dates or the notice required for month-to-month extensions. — Rent payment terms and any changes (if applicable). — Maintenance and repair responsibilities. — Utility allocation and payment terms— - Rules and regulations for the property, including any changes from the original lease. — Signatures of both parties, indicating their acceptance and agreement to the extension terms. It is crucial for both landlords and tenants to review the Killeen Texas Residential or Rental Lease Extension Agreement carefully to ensure they understand the new terms and conditions. Consulting a legal professional is advisable to ensure compliance with local laws and regulations.
