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This Letter allows a tenant to request an extension of time to pay their rent. Under normal circumstances, a tenant is required to comply with the terms of their lease, including the requirement to pay rent at the time or period stipulated under the lease. However, when the tenant cannot pay rent on time, the tenant may request to extend the time for rent payment. It means a tenant can pay the rent on a future date without incurring late rent fees or interest.
Note that, with this document, the tenant can request to pay their rent on the new date. However, the tenant must continue to comply with other terms of the Commercial Lease Agreement. The extension only applies to the duration specified in the letter to which the landlord agreed, after which the tenant must continue paying the rent according to their Lease.
Also note that this document can only be used to extend leases designed for commercial use (office building, warehouse, parking spaces, etc.). Use the Landlord's Residential Lease Extension Letter to extend residential leases.
How to Use this Document
Tenants in commercial properties can use this document if they are late on their rent and want to request to extend the time to pay their rent so as not to accrue penalties or default fees. This is a simple document that requires basic information, such as the name and contact details of the landlord and the tenant, the period the tenant was expected to pay the rent, and the date the tenant would like to pay their rent.
After completing this document, it should be printed, signed by the tenant sending this letter and sent to the landlord or the landlord's attorney or authorized agent. Alternatively, this document may be downloaded and signed electronically and sent by email.
The tenant should keep a copy of this document for record purposes. After sending this letter to the landlord, the tenant should wait for the landlord's response, and if the landlord approves the extension, the tenant can pay only the specified rent on the time agreed by the landlord. However, if the landlord does not approve, the tenant will pay the rent at the agreed date or pay default or late fees for late payment (if applicable).
There is no specific law outlining the form and content of this document. However, the rules of the general contract apply to this document.
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Other names for the document: Letter Requesting an Extension of Time to Pay Rent for a Commercial Lease, Request for a Rent Extension for a Commercial Lease, Request for an Extension of the Period to Pay Rent for a Commercial Lease, Letter Requesting an Extension of the Period to Pay Rent for a Commercial Lease, Request for a Rent Payment Extension for Commercial Lease