Bold tag in the Lease Extension Agreement

Aug 6th, 2022
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When a lease includes an extension option, the terms of continued occupancy is described in the agreement. An extension option typically includes the duration in which occupancy is extended. It will also describe the financial aspects of the continued occupancy.
If you want to extend your lease, this usually means you want to continue your existing lease, but for an extended period of time. You can, however, negotiate the terms of the lease when you extend it.
Most landlords in California require advance notice of at least six months before the expiration of the current lease term. As long as you havent bdocHubed the agreement, and you send in your notice to renew exactly as outlined in your lease, you can renew your lease. The landlord cannot waive the provision.
What Is a Lease Extension? A lease extension refers to a legal agreement that extends the term of an existing lease or rental agreement. Extensions are not a requirement in a business relationship but are often granted just before an original agreement is set to expire.
If both you and your tenant agree to extend the lease, youll need to create a lease extension agreement. This document outlines the terms of the extension, including the new end date, any revised clauses, and the signatures of both parties.
A Lease Extension Agreement is a formal document used to prolong the duration of an existing lease beyond its original termination date. Its important to note that, unlike Lease Renewal Agreements, lease extensions do not introduce new terms or conditions.

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