Lease Extension Agreement Template

A lease extension agreement is a legal document that extends an existing lease between a landlord and tenant while allowing for updates to key terms like duration, rent amount, and other conditions. This comprehensive template ensures all essential elements are properly documented and legally sound.

What This Template Is For

This template is designed for landlords and property managers who want to extend a lease with existing tenants. It provides a structured way to document the extension period, update rental terms, and maintain legal compliance without creating an entirely new lease agreement. The template is particularly useful when you want to keep reliable tenants while updating specific terms of the original lease.

When To Use This Template

Use this lease extension agreement when:

• Your current lease is approaching its end date and both parties wish to continue
• You need to modify rent amounts or other terms for the extension period
• You want to maintain continuity with good tenants
• You prefer to extend rather than create a new lease
• You need to document changes to the original lease terms

How To Customize It

Follow these steps to customize your lease extension agreement:

1. Enter the basic information including landlord and tenant details
2. Specify the extension period and new end date
3. Update the monthly rent amount if changing
4. Review and modify security deposit terms
5. Add any new clauses or modifications to original terms
6. Ensure compliance with local rental laws
7. Have both parties review and sign the document

Common Use Cases

This template is commonly used in scenarios such as:

• Extending residential apartment leases
• Continuing commercial property rentals
• Updating rent terms for long-term tenants
• Modifying lease conditions while maintaining the core agreement

Best Practices

Follow these guidelines for best results:

• Review local rental laws before finalizing
• Clearly state all changes from the original lease
• Keep language simple and unambiguous
• Include specific dates and amounts
• Maintain copies for all parties
• Have the document reviewed by a legal professional

Template Variations

This template can be adapted for:

• Residential lease extensions
• Commercial lease extensions
• Month-to-month conversions
• Short-term extensions
• Long-term renewals

Success Stories

Property managers report smoother lease renewals and better tenant retention using this template. One landlord maintained a 95% renewal rate by using clear, professional extension agreements that respected both parties' interests.

Frequently Asked Questions