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 Sugar Land Texas Residential or Rental Lease Extension Agreement is a legal contract that enables tenants and landlords in Sugar Land, Texas, to extend the duration of their existing lease agreement for a specific period of time. This extension agreement provides clarity and mutual understanding between both parties regarding the terms and conditions that will govern the extended lease period. Residential or rental lease extension agreements in Sugar Land, Texas, may vary depending on specific circumstances. Here are a few types commonly encountered: 1. Fixed-Term Lease Extension Agreement: This type of extension agreement is used when both the tenant and landlord agree to extend a lease that has a specific end date. It outlines the new duration of the extended lease and any modifications to the terms and conditions, such as rent increase or change in utilities. 2. Month-to-Month Lease Extension Agreement: In cases where the original lease agreement was month-to-month, this extension agreement allows both parties to extend the lease on a month-to-month basis rather than committing to a fixed-term extension. It may also include changes in rent or other terms. 3. Early Lease Termination and Extension Agreement: Sometimes, tenants and landlords may mutually agree to terminate an existing lease early and immediately replace it with a new extended lease. This agreement specifies the termination date of the original lease and the start date and terms of the new lease. 4. Commercial Lease Extension Agreement: Though not specific to Sugar Land, Texas, it's worth mentioning that this type of extension agreement pertains to commercial rental properties. It includes similar provisions as residential lease extensions but addresses commercial-specific considerations, like rental amounts tied to business performance or changes in property use. When drafting a Sugar Land Texas Residential or Rental Lease Extension Agreement, it is important to include relevant details such as the names of the tenant and landlord, property address, original lease agreement date, original lease duration, agreed-upon extension duration, any changes to rent or utilities, and any additional terms or conditions applicable during the extended period. To ensure legal compliance, it's advisable to consult with a qualified attorney or use templates provided by reliable sources when creating a lease extension agreement.
