%%STATE%% Agreement to Extend Lease - Residential Lease

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%%STATE%% Agreement to Extend Lease - Residential Lease Powered By Docstoc
					Agreement to Extend
                                                            Lease (Residential Lease)
ocstoc Legal Agreements




                          This Agreement to Extend Residential Lease may be used to extend, on
                          similar terms and conditions, the period of the existing lease entered into by
                          the Landlord and the Tenant.




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                                                                                               Attorney Drafted
               AGREEMENT TO EXTEND LEASE (RESIDENTIAL LEASE)

THIS LEASE EXTENSION AGREEMENT (hereinafter “Lease Extension”) is made and
entered into this _____ [Month] _____ [Date], 20____ [Year], by and between
________________________ [Instruction: Insert the name of landlord], located at
________________________ [Instruction: Insert the address of landlord] (hereinafter
“Landlord”) and ________________________ [Instruction: Insert the name of tenant],
located at      ________________________ [Instruction: Insert the address of tenant]
(hereinafter “Tenant”). Landlord and Tenant may individually be referred to as “Party”, or,
collectively as the “Parties”.

IN CONSIDERATION of the covenants and obligations contained herein and of other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties
agree as follows:

1. PRIOR LEASE

   The Parties executed a lease agreement dated _____ [Month] _____ [Date], 20____ [Year]
   (hereinafter “Lease Agreement”) with a term of lease commencing on_____ [Month] _____
   [Date], 20____ [Year], and which expires on _____ [Month] _____ [Date], 20____ [Year].
   All terms, conditions, and provisions of said Lease Agreement are hereby incorporated by
   reference or by attachment [See Exhibit A].

2. EXTENSION OF PRIOR LEASE TERM

   The Parties hereby agree to extend and continue the aforementioned Lease Agreement for an
   additional term, commencing on _____ [Month] _____ [Date], 20____ [Year],
   [Instruction: Insert the commencement date] and expiring on _____ [Month] _____
   [Date], 20____ [Year] [Instruction: Insert the expiring date].

3. REVISED RENT PAYMENTS

   The rent shall be payable in equal monthly installments of _____________ ($____)
   [Instruction: Insert amount of monthly rent, e.g., one thousand dollars ($1000)], payable
   on the ___________ (___) [◊ Instruction: Insert the day of the month rent is to be paid,
   e.g., first (1st)] day of each month of the term. The first full rent payment under this Lease
   Extension is due on_____ [Month] _____ [Date], 20____ [Year] [Instruction: Insert the
   due date].

4. PRORATED RENT [Instruction: Choose any one clause and mark “X” as applicable]

   ______Not applicable

                                               OR

   _____ Tenant agrees to pay a prorated sum in the amount of _____________ ($____)
   [Instruction: Insert amount of monthly rent, e.g., one thousand dollars ($1000)] as rent


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   to cover the period from the commencement of this Lease Extension until the ___________
   (___)[◊ Instruction: Insert the day of the month rent is to be paid, e.g., first (1st)] day of
   the following month. This prorated rent shall be due at the execution of this Lease Extension.
   Payment of rent, non-payment of rent, and default for late payment of rent shall be governed
   in accordance with the terms and conditions of the previous Lease Agreement, as
   incorporated by reference or attachment.

   LANDLORD (“LANDLORD”):

   Sign: _______________________________

   Print: _______________________________

   Date: _____ [Month] _____ [Date], 20____.


   TENANT (“TENANT”):

   Sign: _______________________________

   Print: _______________________________

   Date: _____ [Month] _____ [Date], 20____.




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                                            EXHIBIT A

                              ORIGINAL LEASE AGREEMENT




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◊                                                       ◊
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Description: This Agreement to Extend Lease may be used to extend, on similar terms and conditions, the period of the existing lease entered into by a landlord and a tenant located in %%STATE%%. The agreement essentially extends the lease on the same terms and conditions found in the original lease, but allows opportunities to make revisions such as the amount of the rent payments. This document contains both standard clauses and opportunities for the use of optional terms and conditions making it fully customizable to fit the needs of the contracting parties.
This document is also part of a package Essential Virginia Legal Documents 145 Documents Included