The Residential Lease Extension Amendment serves as a crucial document when both landlord and tenant wish to continue their rental relationship beyond the original lease term. This document, commonly used in the United States residential rental market, provides a straightforward way to extend the lease without the need to execute an entirely new lease agreement. It typically includes the extension period, any rent modifications, and confirmation of continuing terms from the original lease. The amendment ensures legal compliance while saving time and resources compared to creating a new lease. It's particularly useful when both parties are satisfied with the existing terms and only need to adjust the duration of the agreement.
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1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Reference to original lease agreement including date and property details
3. Definitions: Key terms used in the amendment
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 terms remain in effect
7. Execution: Signature blocks for all parties
1. Modified Terms: Additional section when original lease terms are being modified beyond just the extension
2. Security Deposit: Additional section when security deposit terms are being modified
3. Property Improvements: Additional section when property improvements are planned during extension
1. Original Lease Agreement: Copy of the original lease being extended
2. Property Inspection Report: Current condition of property at time of extension
3. Modified Payment Schedule: Updated payment terms if payment schedule is changing during extension period
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