Document background
The Extension of Lease Agreement is utilized when parties to an existing lease arrangement wish to continue their landlord-tenant relationship beyond the original lease term. This document is particularly important in the Indonesian legal context, where property leases are governed by the Civil Code (KUHPerdata) and various property regulations. It typically includes updated terms such as the extended duration, revised rental amounts, and any modified conditions, while referencing and incorporating relevant terms from the original lease agreement. The document ensures compliance with Indonesian property laws, including regional regulations and, where applicable, foreign investment restrictions. An Extension of Lease Agreement is commonly used in both commercial and residential contexts, requiring careful consideration of local property regulations and registration requirements.
