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A lease extension allows the tenant to extend the previous lease beyond its expiration date, with the right to extend expressly stated in the lease. The extension terms usually mirror those in the previous lease, and should explicitly state that all terms remain the same to avoid being considered a new lease. The lease extension offer should include terms for the extension, any rent increase, and a clause indicating a continuation of rights from the previous lease. The tenant must provide written notice of intent to extend by the specified deadline.
