Lease Agreement Extension Letter Sample
When it comes to leasing property, it`s not uncommon for a tenant and landlord to agree to an extension of the lease agreement. Whether it`s for a few months or another year, an extension can be mutually beneficial for both parties. However, it`s important to have a written record of the extension to avoid any misunderstandings or complications down the line. That`s where a lease agreement extension letter comes in.
A lease agreement extension letter is a formal document that outlines the terms of the lease extension. It should include important details such as the new end date of the lease, any changes to the rental amount or security deposit, and any other conditions of the extension. Having a written agreement can help both the tenant and landlord feel confident in the terms of the extension and prevent any disputes.
To help you get started, we`ve provided a sample lease agreement extension letter below:
[City, State ZIP Code]
[City, State ZIP Code]
Dear [Landlord`s Name],
I am writing to formally request an extension of my lease agreement for the property located at [Rental Property Address]. My current lease is set to expire on [Current Lease End Date], and I would like to extend it for an additional [Number of Months/Years].
As we previously discussed, I understand that there may be some changes to the terms of the lease extension. I am willing to agree to the following updated terms:
– The new end date of the lease will be [New Lease End Date].
– The monthly rental amount will be [New Rent Amount].
– The security deposit will remain unchanged.
– All other terms of the original lease agreement will remain in effect.
If these terms are agreeable to you, please let me know and we can sign a written agreement to confirm the extension. If there are any additional conditions or changes you would like to propose, please let me know as soon as possible.
Thank you for your attention to this matter. I look forward to continuing our positive landlord-tenant relationship.
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