The Rental Lease Extension Addendum serves as a crucial document when both landlord and tenant wish to continue their rental relationship beyond the original lease term. It provides a streamlined alternative to creating an entirely new lease agreement while allowing for necessary updates to terms and conditions. This document is commonly used across the United States and must adhere to both federal and state-specific housing laws. It typically includes details about the extension period, any rent adjustments, and confirmations of existing terms from the original lease.
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1. Parties: Identification of landlord and tenant(s), including full legal names and contact details
2. Background: Reference to original lease agreement, its date, and the parties' desire to extend the lease term
3. Definitions: Key terms used in the addendum including 'Original Lease', 'Extension Period', and any other relevant terms
4. Extension Term: Specific details of the extension period including start and end dates
5. Rent Terms: Confirmation of rent amount, payment schedule, and any adjustments for the extension period
6. Original Lease Terms: Confirmation that all other terms and conditions of the original lease remain in full force and effect
7. Execution: Signature blocks, dates, and any notarization requirements
1. Modified Terms: Section detailing any specific changes to original lease terms during the extension period
2. Security Deposit: Any modifications to existing security deposit arrangements
3. Property Improvements: Details of any agreed modifications or improvements to the property during the extension period
1. Schedule A - Original Lease Agreement: Copy of the original lease agreement being extended
2. Schedule B - Property Condition Report: Updated assessment of property condition at time of extension
3. Schedule C - Modified Payment Schedule: Detailed schedule of payments if payment terms have been modified
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