Landlord Tenant Extensions Law & Legal Definition
A lease extension is used to extend the terms of a previous lease between the landlord and tenant. By signing the extension, it is not necessary for the parties to execute a new lease. Generally, all terms of the previous lease are carried over by reference in the extension. Usually, the extension simply extends the term of the prior lease and may contain provisions for a revised rent payment. Components of the lease extension include, but are not limited to:
- Name of the landlord
- Name of the Tenant
- Previous lease information
- Extension of term of lease
- Revised rent payments
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