A rental lease extension is a formally drafted document which is used to specify the details of an arrangement wherein the lessor or the owner agree to extend the lease or rent of a particular property, area, commodity or equipment to another party which is known as the lessee. These documents are legally binding for the involved parties as they consist of legal terms and conditions which are obligatory for the parties to follow. Given below for your help is a sample of a rental lease extension document.
Sample Rental Lease Extension
This rental lease extension document is being made by and between the parties with the following details and specifications:
Details of the LESSOR
Name: Mr. Mathew Black
Official address: S-2/b, marks lane, Potter tower, California
Contact number: 420947032
Details of the LESSEE
Name: Mr. David Brown
Official address: A-6, third floor, Valley park street, California
The commencement date of rental lease extension: 2nd March 2012
The termination date of rental lease extension: 2nd March 2014
The original date of commencement of lease: 4th March 2010
The details of lease arrangement are given as follows:
Lease type: Room rental lease
Room address: 4-f, Fredstone road, Pitt Tower, CA
The details of lease payments are given as follows:
Lease payment per month: $300
Total lease amount: $3600
The terms and conditions of this rental lease extension are given as follows:
- The LESSOR agrees to extend the rental lease arrangement for another 12 months.
- The LESSEE agrees to pay the lease amount within the first week of each month.
- The LESSOR shall continue to provide water supply, electricity supply and internet connection to the LESSEE.
- The extension of lease shall terminate if any of the parties fail to follow these terms.
The parties agree to all the terms and conditions and provide their signature as below:
Mathew Black: _______________________
David Brown: ________________________