The Rental Agreement Extension Addendum is utilized when both landlord and tenant wish to continue their rental relationship beyond the original lease term. This document is particularly useful when parties want to avoid creating a new lease while maintaining the majority of existing terms. It typically includes the extension period, any rent modifications, and confirmation of continuing terms from the original lease. The addendum must comply with U.S. federal, state, and local housing laws, making it essential to verify jurisdiction-specific requirements before implementation.
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1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Reference to original lease agreement and reason for extension
3. Definitions: Key terms used in the addendum
4. Extension Term: Specific period of the lease extension
5. Rent Terms: Confirmation of rent amount during extension period
6. Original Lease Terms: Statement confirming all other original lease terms remain in effect
7. Signatures: Execution block for all parties
1. Modified Terms: Any changes to original lease terms - include when terms other than duration are being modified
2. Security Deposit: Updates to security deposit terms - include if security deposit amount or terms are changing
3. Property Improvements: Planned renovations or improvements - include if any property changes are planned during extension
1. Schedule A - Original Lease: Copy of original lease agreement
2. Schedule B - Property Inspection: Updated property condition report if required
3. Schedule C - Modified Terms: Detailed list of any modified terms if applicable
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