A lease contract extension form is a formal document that is drafted in the case when two parties involved in a lease contract agree to extend it for certain duration of time. These forms are used to lay down the terms and conditions under which the extension is formed. A lease contract extension form consists of important dates, promises and covenants and the monetary considerations. Given below is a sample of one such lease contract extension form which can be used by anyone as a reference document.
Sample Lease Contract Extension Form:
This lease contract extension is made effective as on 19th July 2012
Termination date of lease extension: 19th July 2013.
This lease contract extension has been made by and between the parties with the following details:
Name: Mr. Fred Redding
Address: 3-hj, first floor, Mathew Lane, LA
Name: Mr. Tim Brown
Address: A-90, Dawson tower, LA
Details of lease contract extension.
The original lease contract was formed on 15th July 2011 and expired on 15th July 2012. That contract is being extended for 12 months and shall terminate on the termination date mentioned above
Type of lease: residential flat lease
Total cost of lease: $500 per month
Total cost of lease for extended period: $60000
The following are the various terms and conditions of the lease contract extension:
- The LESSOR agrees to extend the lease contract for 12 months during which both he parties shall continue to oblige by the terms and conditions mentioned in original contract.
- The LESSEE must make payments each month within the first week to avoid any kind of legal implications or actions.
- The address of residential flat remains: 4-P, second floor, Modern avenue, LA.
Both parties hereby agree to the terms and conditions:
[Name of the Lessor] [Date] [Place]