Lease Extension Agreement Guide

Summary

Extending a residential lease involves reviewing current lease terms, communicating with the landlord, and drafting a lease extension agreement. Ensure all new terms are clearly stated and agreed upon. A simple template includes sections for extension of lease term, unchanged terms, rent, signatures, obligations on lease expiry date, and security deposit return. On the last date, the tenant must vacate the property in its original condition, remove personal belongings, and return keys. The security deposit is returned if obligations are met and no damages occur. For specific legal advice, consult a local lawyer.

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Please assist to draft a short lease extension agreement
Sure, here's a simple template for a lease extension agreement:
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Lease Extension Agreement
This Lease Extension Agreement ("Agreement") is made and entered into on [Date] by and between [Landlord's Name] ("Landlord") and [Tenant's Name] ("Tenant").
*. Extension of Lease Term
The parties agree to extend the lease term for the property located at [Property Address] from [Original Expiry Date] to [New Expiry Date].
*. Terms and Conditions
All terms and conditions of the original lease dated [Original Lease Date] remain unchanged and in full effect, except as modified by this Agreement.
*. Rent
The rent for the extended term shall be [New Rent Amount] per month, payable on the [Due Date] of each month.
*. Signatures
Both parties agree to the terms of this Lease Extension Agreement and have executed it as of the date first above written.
__________________________
[Landlord's Signature]
[Landlord's Printed Name]
__________________________
[Tenant's Signature]
[Tenant's Printed Name]
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Make sure to fill in the blanks with the relevant details. It's always a good idea to have both parties sign the agreement for clarity and legal standing. If you need further assistance or specific legal advice, consider consulting with a local lawyer.
Please add a clause that mentions what needs to be done on the last date of the lease.
Sure, here's an additional clause for the last date of the lease:
*. Obligations on Lease Expiry Date
On the last date of the lease term, the Tenant agrees to vacate the property in its original condition as outlined in the original lease. All personal belongings must be removed, and keys returned to the Landlord.
Please also add that the security deposit should be returned if the obligations are met.
Case Rating: *
Here's an updated clause for your lease extension agreement regarding the security deposit:
*. Obligations on Lease Expiry Date
On the last date of the lease term, the Tenant agrees to vacate the property in its original condition as outlined in the original lease. All personal belongings must be removed, and keys returned to the Landlord. The security deposit shall be returned to the Tenant, provided all obligations are met and no damages are incurred.
If you need any more details or have further questions, feel free to ask!