Italics print in the Lease Extension Agreement

Aug 6th, 2022
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  1. Begin by adding your Lease Extension Agreement to DocHub. Also, you can import directly from your cloud storage.
  2. Once opened, find the top and left toolbar to italics print in Lease Extension Agreement.
  3. As soon as you comprehensive the task, hit Done in the top right corner to save your modifications.
  4. When you return to the Dashboard, hit Download to have your on the mark Lease Extension Agreement downloaded to your device. In addition, you can select a different export option in the right-hand menu.

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.
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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.
Avoiding Ground Rent Escalation In many leasehold agreements, ground rent tends to increase over time. A lease extension can allow you to negotiate more favourable terms and avoid steep ground rent increases. By doing so, you save money and maintain control over your propertys financial obligations.
The main difference, however, is that when a contract is extended, the contract period is extended on the basis of the existing contract, while when a contract is renewed, the existing contract is replaced by a new one. A contract extension is essentially a contract renewal without changing the terms of the contract.
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.
Extending your lease often means that youll have to negotiate with the freeholder. The terms of the extension, including the premium, ground rent, and other conditions, are typically set by the freeholders surveyor. This means that you may have limited bargaining power, and the terms may not always be in your favour.
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.

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