A lease extension agreement is a legal document that extends the duration of an existing lease between a landlord and tenant. This agreement outlines the terms and conditions of the extension, such as the new lease end date, any changes to rent payments, and any additional terms agreed upon by both parties.
When a lease is nearing its expiration date, both landlords and tenants may choose to extend the lease rather than enter into a new lease agreement. A lease extension agreement provides a simple and straightforward way to extend the lease without the need for a completely new contract.
Benefits of Using a Free Printable Lease Extension Agreement
Using a free printable lease extension agreement can save both landlords and tenants time and money. These templates are pre-written with all the necessary legal language and formatting, making it easy to create a legally binding agreement without the need for expensive legal fees.
Additionally, using a free printable lease extension agreement ensures that all important details are included in the agreement, such as the new lease end date, any changes to rent payments, and any additional terms agreed upon by both parties. This helps to prevent misunderstandings or disputes between landlords and tenants in the future.
How to Use a Free Printable Lease Extension Agreement
Using a free printable lease extension agreement is simple and straightforward. Begin by downloading a template from a reputable website that offers free legal documents. Fill in the required information, such as the names of the landlord and tenant, the current lease end date, and the new lease end date. Include any changes to rent payments or additional terms agreed upon by both parties.
Once the agreement is completed, both the landlord and tenant should review and sign the document. It is recommended to keep a copy of the signed agreement for your records. By using a free printable lease extension agreement, you can easily extend your lease without the hassle of creating a new contract from scratch.
Download Free Printable Lease Extension Agreement
