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A lease extension allows a tenant to prolong their lease beyond its original expiration date, provided that the right to extend is clearly stated in the lease. The extension typically follows the same terms as the previous agreement, ensuring that all conditions remain unchanged to avoid it being considered a new lease. The extension should specify terms such as the rent amount, including any potential increases, and include a clause confirming that the agreement continues the rights from the prior lease. Additionally, the tenant must give written notice of their intent to extend by the deadline specified in the extension offer.