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Lease Extension

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Lease Extension Powered By Docstoc
					This is a document that can be used to extend an existing commercial or residential
lease. This agreement is entered into by a Landlord/Lessor and Tenant/Lessee
whereby both parties agree to extend the term of the original lease agreement. This
template form is designed to provide standard language and can be modified to fit the
needs of the drafting parties. This document allows for customization in order to set the
new lease term and amount of rent to be paid each month.
                       EXTENSION TO LEASE AGREEMENT
This Extension to Lease Agreement (the “Lease Extension”) is made and entered into on this
____________ day of ____________________________, 20____ (the “Extension Effective
Date”) by and between ________________________________________ (the “Landlord”) and
__________________ (the “Tenant,” whether one or more, and each agreeing to be bound by
and held jointly and severally liable under the terms and conditions of this Lease Extension).

                                                     RECITALS

WHEREAS the parties entered into a certain Lease Agreement (Mention other name of contract
or agreement if applicable) on the ______day of ___________20____, which agreement is
attached hereto as Exhibit “A” and incorporated herein by reference;

WHEREAS the parties hereby agree to extend the term of the Lease Agreement in accordance
with the terms of the Lease Agreement as well as the terms provided herein; and

WHEREAS, 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 hereto agree as follows.

                                                       TERMS

1.     The parties hereby agree to extend and continue the aforementioned Lease Agreement for
an additional term, commencing on the ____ day of ________________, 20____ and expiring on
the ____ day of _________________, 20____.

2.      The rent shall be payable in equal monthly installments of _____________ dollars ($__),
payable on the ______ day of each month of the lease term. The first full rent payment under
this Lease Extension is due on the ______ day of ____________, 20____.

3.      Tenant agrees to pay a prorated sum in the amount of _______________ dollars ($__) as
rent to cover the period from the commencement of this Lease Extension to the _____ 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 Lease Agreement.

4.         This Lease Extension shall be governed by the laws of the State of ____________.

5.       This Lease Extension may be executed separately by the parties hereto, and each
executed copy shall be deemed an original. All originals shall constitute one document.

6.        This Lease Extension has been duly executed by the authorized representatives of the
parties hereto, and shall become effective beginning the above Extension Effective Date.




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LANDLORD (“LANDLORD”):


Sign: _______________________________

Print: _______________________________                       Date: ______________


TENANT (“TENANT”):


Sign: _______________________________

Print: _______________________________                       Date: ______________




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DOCUMENT INFO
Description: This is a document that can be used to extend an existing commercial or residential lease. This agreement is entered into by a Landlord/Lessor and Tenant/Lessee whereby both parties agree to extend the term of the original lease agreement. This template form is designed to provide standard language and can be modified to fit the needs of the drafting parties. This document allows for customization in order to set the new lease term and amount of rent to be paid each month.