Lease agreement extension letter sample. Writing a Good Lease Extension Letter (with Sample) 2022-10-18

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A lease agreement extension letter is a document that is used to extend the terms of a lease agreement between a landlord and tenant. This type of letter is typically used when the tenant wants to continue renting the property beyond the original end date of the lease agreement. It can also be used if the landlord wants to extend the lease agreement due to some specific circumstances.

There are several reasons why a tenant might want to extend their lease agreement. For example, they may be happy with the property and want to continue living there, or they may not be ready to move yet due to personal or financial reasons. On the other hand, a landlord might want to extend the lease agreement if they are unable to find a new tenant to rent the property, or if they want to keep the current tenant for some specific reasons.

In order to extend a lease agreement, the tenant or landlord must send a written request to the other party. The letter should include the following information:

It is important to note that both parties must agree to the extension of the lease agreement. If the landlord agrees to the extension, they should send a written response to the tenant confirming the extension and any changes to the terms of the lease agreement. If the landlord does not agree to the extension, they should provide a reason for their decision.

Here is a sample lease agreement extension letter:

Dear [Landlord/Tenant],

I am writing to request an extension of our current lease agreement for the rental property located at [Property Address]. The original end date of the lease agreement is [Original End Date], and I am requesting an extension of [Extension Period] months.

The reason for my request is [Reason for Extension]. I am happy with the property and the terms of the lease agreement, and I would like to continue living here for a longer period of time.

I understand that any extension of the lease agreement is subject to your approval, and I hope that we can come to an agreement on this matter. If you are willing to grant the extension, please let me know if there are any changes to the terms of the lease agreement, such as an increase in rent.

Thank you for considering my request. I look forward to hearing from you soon.

Sincerely, [Your Name]

Sample Lease Extension Letter

lease agreement extension letter sample

Before writing the letter, the tenant or landlord should check the contract and make sure they are within the specified time limit. Write in the property address state address, city, state, zip code. They will send an extensionletter to the landlord requesting to have another. The first step is to know the rental rates in the neighborhood. You may send your acceptance in writing and a new contract lease to the above address.

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Lease Extension Letter Example: 4 Templates

lease agreement extension letter sample

Include detailed instructions on what the tenant must do before leaving in this written confirmation. A lease extension can give you and your tenant more time to settle plans. I hope you will favorably consider my request and respond within Expectation of response — duration. The landlord may also have reasons for wanting to keep a good tenant. Step 3 — Send the Extension Addendum The landlord or property manager will send the addendum to the tenant. Use our step-by-step builder to start your lease extension agreement process.

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Extension of Lease Agreement Letter (Sample) // Get FREE Letter Templates (Print or Download)

lease agreement extension letter sample

I can be reached at Phone Number or at Email Address if you have any questions. Consider including a language in your lease when you sign it that covers this circumstance in order to prevent the possibly unpleasant position of requesting a lease extension at the conclusion of your time in the apartment. We would be interested in offering to renew the lease with the revised terms and circumstances because we have been quite pleased with our business relationship. Â In the event that the present tenant decides not to renew the lease, this allows the landlord extra time to find a new renter. Think about providing amenities or concessions. Step 2 — Contact your Tenant Call or email your tenants, and propose a lease extension under existing or new terms clauses, etc.

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Free Lease Extension Agreement [PDF & MS Word]

lease agreement extension letter sample

When a lease ends, the landlord can choose to raise the rent, request month by month payment or renew the lease as is. Explain in your own terms. A fair response time is usually 10 days to two weeks. Please emphasize the necessity for further negotiation if it becomes necessary. Then, the tenant will be able to tell the landlord that their rent hike is too high. The addendum is added to the lease that is currently in effect with any changes such as the extension period and the new rent amount.

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Writing a Good Lease Extension Letter (with Sample)

lease agreement extension letter sample

Enter the date of the original lease agreement and the expiration date. The landlord receives a premium, which is calculated in accordance with the relevant act. We anticipate hearing from you. Look through the rest of the template and see if you would like to add, change, or edit anything. Fill out the lease extension section. Offering to extend a lease can help your tenant in many ways since locating and moving to a new property can take time, money, and other resources.

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Free Lease Extension Agreement

lease agreement extension letter sample

It should be noted that lease payments are not covered by lease agreements. Within the next few months, I intend to start a new work. This letter is a formal request for the property at the aforementioned address to have its lease extended for an additional year. The property you own will soon be unoccupied. A lease extension agreement extends an existing lease agreement, while a lease renewal involves creating a new agreement after the original lease expires. Step 2 — Approach the Other Party Contact the other party and ask if they have any intentions of extending the lease under the current or new terms. In order for a lease extension letter to be clear, there are key elements that should be included.


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How to Write a Lease Extension Letter to Landlord (with Sample)

lease agreement extension letter sample

I would respectfully request that you not raise my rent of Amount of Rent for the term of the new lease, as State the reason you wish for a renewal. This gives the tenant a while to enjoy the holidays without the stress of searching for another rental property. Focus on terms and conditions. I hope you will favorably consider my request and respond within two weeks. TIP Landlords typically send lease extension forms just before an original lease expires. If the tenant has a hardship, it is possible to request that the rent stay the same for a specific time such as the length of the new lease. Consider your personal financial situation i.

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lease agreement extension letter sample

Your flexibility towards the end of my lease will make this transfer period much easier. This extends the commencement of the old contract and adds a new lease closing date with any new terms. Please confirm in writing whether you accept or reject this extension offer. After your tenant leaves, you can use the time between renters to renovate and attract higher-paying renters. Unlike , lease extensions do not create new contracts with new terms. If you agree, please send me your acceptance in writing to the above address on or before DATE.

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lease agreement extension letter sample

Keep in mind that there are many instances when a landlord and tenant will agree that being locked into a lease for another full term is not beneficial to either party. Rental lease extension forms are common when landlords and tenants do not want to renegotiate new lease terms at lease expiration, but instead want to extend the original tenancy for a short period of time. The lease on my premise expires on the Date of expiration of the lease , and I would like to renew it until Renewal of the lease date. This gives you a financial benefit because there is no need for you to advertise for tenant, background check, or screen. Depending on the preference of the parties any of the options should suffice.


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lease agreement extension letter sample

I nstead, let the lease expire and look for a more reliable tenant. What is a Lease Extension Agreement? These letters are also referred to as contract extension letters, contract renewal letters, lease renewal letters, and agreement renewal letters. Bad tenants who consistently breach your lease agreement and are always late on rent should probably not receive a lease extension. You must adjust this example to fit your needs. A landlord may want the tenant to renew the lease because he or she has always paid the rent on time, kept the property in good condition and been good tenants in general.

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