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A lease extension allows the tenant to prolong the existing lease beyond its expiration date. The right to extend should be clearly stated in the lease agreement, with terms mirroring the original lease. It must explicitly state that all terms remain the same to avoid it being considered a new lease. The extension offer should include details on the rent amount, any rent increase, and a clause confirming it as a continuation of the previous lease. The tenant must provide written notice within the specified time frame to extend the lease.
