The Rental Extension Agreement is utilized when both landlord and tenant wish to continue their rental relationship beyond the original lease term. This document is particularly important in the United States where rental relationships must be properly documented to ensure legal compliance and protect both parties' interests. It typically includes the extension period, any rent adjustments, and modifications to the original terms while maintaining the validity of the original lease agreement. The document ensures compliance with federal housing laws, state-specific landlord-tenant regulations, and local housing codes.
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1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Reference to original lease agreement and reason for extension
3. Definitions: Key terms used in the agreement
4. Extension Term: Specific period of the lease extension
5. Rent: Confirmation of rent amount during extension period
6. Original Terms: Confirmation that other original lease terms remain in effect
1. Modified Terms: Any changes to original lease terms that need to be included when original terms require modification
2. Security Deposit: Updates to security deposit arrangements, included when security deposit terms change
3. Property Improvements: Agreed modifications to property, included when improvements are planned during extension
1. Original Lease: Copy of the original lease agreement as reference
2. Property Condition Report: Updated condition assessment of the property
3. Modified Terms Schedule: Detailed list of any modifications to original terms
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