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A lease extension allows a tenant to prolong their lease beyond its original expiration date. The right to extend must be clearly stated in the lease, and the extension typically follows the same terms as the previous agreement. It should explicitly mention that all previous terms remain unchanged; otherwise, it may be considered a new lease. The extension should include details such as any rent increase and a clause confirming it as a continuation of the previous lease's rights and options. The tenant is required to provide written notice of their intention to extend the lease by the deadline specified in the extension offer.
