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Residential Lease Extension Amendment

Residential Lease Extension Amendment Template for Australia

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Key Requirements PROMPT example:

Residential Lease Extension Amendment

"I need a Residential Lease Extension Amendment for my Sydney property to extend the current lease by 24 months from March 2025, with a 5% rent increase and new terms for property maintenance."

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Document background
The Residential Lease Extension Amendment is a crucial document used in Australian residential tenancy arrangements when parties wish to extend their existing lease agreement beyond its original term. This document is typically employed when both landlord and tenant are satisfied with their arrangement and wish to continue their relationship under either the same or modified terms. The amendment must comply with Australian state and federal legislation, including the Residential Tenancies Act and relevant fair trading regulations. It includes essential information such as the extended duration, any rent adjustments, and confirmation of continuing or modified terms from the original lease. This document is particularly important for maintaining legal clarity and protecting both parties' interests during the extended lease period.
Suggested Sections

1. Parties: Identification of landlord/lessor and tenant/lessee with full legal names and contact details

2. Background: Reference to original lease agreement, its date, and current expiry date

3. Definitions: Key terms used in the amendment, including reference to definitions from original lease that remain applicable

4. Extension Terms: Specific details of the lease extension including new expiry date and any continuation terms

5. Rent and Payment Terms: Confirmation or modification of rent amount, payment schedule, and any rent review mechanisms for the extension period

6. Confirmation of Original Terms: Statement confirming all other terms and conditions of the original lease remain in effect

7. Execution: Signature blocks for all parties and witness requirements

Optional Sections

1. Modified Terms: Used when other terms besides the extension period are being modified

2. Additional Obligations: Used when new obligations for either party are being introduced during the extension period

3. Maintenance and Repairs: Used when maintenance or repair responsibilities are being modified for the extension period

4. Break Clause: Used when including new provisions for early termination during the extension period

5. Special Conditions: Used when specific conditions apply to the extension period that weren't in the original lease

Suggested Schedules

1. Schedule 1 - Original Lease: Copy or reference to the original lease agreement

2. Schedule 2 - Property Details: Updated description of the property and any modifications to included fixtures/fittings

3. Schedule 3 - Rent Schedule: Detailed breakdown of rent payments and increases over the extension period

4. Appendix A - Condition Report: Updated property condition report if required for the extension

5. Appendix B - Special Modifications: Details of any approved modifications to the property during the extension period

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Property Management

Residential Property

Legal Services

Property Investment

Housing

Relevant Teams

Legal

Property Management

Real Estate

Compliance

Operations

Administrative

Housing

Contracts

Customer Service

Document Control

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Leasing Manager

Property Administrator

Tenancy Coordinator

Housing Officer

Contract Administrator

Property Investment Manager

Compliance Officer

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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