Document background
The Lease Extension Agreement is a crucial document used when parties wish to continue an existing lease arrangement in Indonesia beyond its original term. This document is essential when both parties agree to extend their landlord-tenant relationship but may want to update certain terms such as rental rates, duration, or other conditions. It must comply with Indonesian Civil Code requirements and property regulations, including proper execution procedures and witness requirements. The agreement should reference the original lease while clearly stating any modifications for the extension period. It's commonly used in both commercial and residential contexts, requiring careful attention to specific regulations depending on the property type and intended use. The document typically includes updated terms, confirmation of existing conditions, and any new requirements that have emerged since the original lease was signed.
