Residential or Rental Lease Extension Agreement - Colorado 2025

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The document is a Residential Lease Extension agreement between a Landlord and multiple Tenants, extending the term of an existing lease. It outlines the previous lease details, the new lease term, revised rent payments, and incorporates all terms from the original lease agreement.

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What is the agreement for lease extension?

A lease extension refers to a legal agreement that extends the term of an existing lease or rental agreement. The lease extension should name the parties involved, the dates on which the extension begins and ends, and should reference the earlier agreement being extended.

How do you tell your landlord you want to renew your lease?

Schedule a meeting or phone call with your landlord to discuss your rental situation. Begin the conversation by expressing how much youve enjoyed living in the property and that you would like to continue renting for another year if possible.

How do you ask your landlord for a lease extension?

Steps to extend a lease agreement Review the current lease. Go through your original agreement. Communicate with the other party. Negotiate terms. Seek legal advice. Draft a lease extension agreement. Sign and execute the agreement. Register or record the extension. Update relevant parties.

Does a landlord have to renew a lease in Colorado?

The Colorado General Assembly passed a law, which went into effect in April 2024, which significantly impacts the legal landscape for landlords considering not to renew a residential lease. Under the new law landlords must now have a valid reason, or cause, to evict tenants.

What is the extension option on a lease?

Lease agreements often include extension options The lease term is the time both parties adhere to the lease agreement. A lease extension option allows the lessee to extend the lease, usually for an amount of time equal to or less than the term of the original lease.

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How do I ask for an extension on paying rent?

Contact your landlord as soon as you know you wont be able to pay your rent on time. You can make a formal request in writing for an extension on your due date. Your landlord isnt required to grant your request, but if you give them plenty of warning they may be able to work with you.

At what point should you extend a lease?

Lease extension Part 2 The value of a lease goes down as the years go down. In general is best to extend the lease before it reaches 80 years or below because some lenders require a certain number of years before they are prepared to lend.

How do you tell your landlord you want to extend your lease?

By speaking directly to the landlord as soon as youd like you extend. I suggest asking for a 14, 16, or 18 month lease up front, if you can. But asking near the end of the lease is an option as well. Theres no guarantee the landlord will go for this though.

Residential or Rental Lease Extension Agreement - Colorado 2025

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What is the agreement for lease extension?

How do you tell your landlord you want to renew your lease?

How do you ask your landlord for a lease extension?

Does a landlord have to renew a lease in Colorado?

What is the extension option on a lease?

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How do I ask for an extension on paying rent?

At what point should you extend a lease?

How do you tell your landlord you want to extend your lease?

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