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A lease extension allows the tenant to prolong the previous lease agreement beyond its expiration date. The right to extend the lease must be clearly stated in the lease agreement to avoid it being considered a new lease. The terms of the extension usually mirror those of the original agreement, and the tenant must give written notice of their intention to extend within the specified timeframe. Key components of the extension offer include the rent amount, any changes in rent, and a clause affirming that the agreement is a continuation of the previous lease.
