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A lease extension allows a tenant to prolong their existing lease beyond its original expiration date. The right to extend must be clearly specified in the lease. Typically, extension terms mirror those of the original lease, confirming that all original terms remain unchanged; otherwise, it may be treated as a new lease. The extension option should detail the extension terms, including any rent increases, and assert that the agreement continues the previous lease's rights and options. Additionally, the tenant must give written notice of their intent to extend by the deadline specified in the extension offer.
