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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 clearly stated in the lease. The terms of the extension typically mirror those of the previous agreement and should specify that all original terms remain unchanged, otherwise it could be considered a new lease. The extension option must include terms such as the rent amount, any potential rent increase, and a clause confirming that the extension continues the rights from the previous lease. The tenant is required to give written notice of their intention to extend the lease by the deadline outlined in the extension offer.
