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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 explicitly stated in the lease, with extension terms mirroring the previous agreement to avoid being classified as a new lease. The extension should include details such as any rent increases, and a clause confirming it as a continuation of the previous lease's rights and options. Tenants are required to provide written notice of their intention to extend the lease within the timeframe specified in the extension offer.
