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A lease extension allows tenants to prolong their lease beyond its original expiration date. The right to extend must be clearly stated in the lease, with the extension typically following the same terms as the original agreement. It should specify that all previous terms remain unchanged; otherwise, it may be considered a new lease. The extension must include terms such as the rent amount, any potential rent increase, and a clause confirming that it continues the rights and options from the original lease. Additionally, tenants must provide written notice of their intent to extend the lease by the deadline specified in the extension offer.
