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A lease extension allows a tenant to prolong their lease beyond its original expiration date, provided the right to extend is specified in the lease. Typically, the extension follows the same terms as the initial agreement, affirming that all previous terms remain unchanged; otherwise, it may be considered a new lease. The extension must include specific terms such as the rent amount, any potential rent increase, and a clause confirming it as a continuation of the previous lease rights. Additionally, the tenant must give written notice of their intent to extend the lease within the timeframe outlined in the extension offer.
