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This Lease Renewal Agreement is a document used for a Landlord and Tenant to extend the term of a Lease that is about to expire for an additional term. The Renewal Agreement allows the Landlord and Tenant to continue the renting relationship while also giving them the opportunity to make any necessary changes to their original lease, such as new occupants, rules, or payment arrangements. Generally, when a lease expires, if the Landlord allows the Tenant to stay, the lease will convert to a month-to-month agreement. However, by using a Lease Renewal Agreement, the parties can choose to create another long-term agreement using the same or changed terms as their original lease. This document can be used to renew any type of real estate lease, including commercial, residential, or short term leases.
How to use this document
A Lease Renewal Agreement is a short document that incorporates the bulk of the terms of the original lease but also allows the parties to make changes and extend their rental arrangement. Using this document, the parties will fill out the essential information including the names and addresses for the Landlord and the Tenant, the address of the property in question, the length of the new lease, and any changes or additions that will be made to the original lease.
This document can be used to make agreed upon changes to the original lease. Common changes include rent amount, as that often increases in each lease term, number of occupants or pets allowed to live in the property, repairs that must be made, or insurance requirements for one or both parties.
Since this Agreement incorporates the terms of the original lease, instead of restating all of the terms of the original lease, that lease is referenced in this document and will be attached to the Lease Renewal Agreement as an exhibit to be referenced if and when it is necessary.
As with Lease Agreements, Lease Renewal Agreements in the United States are generally subject to the laws of individual states.
The Environmental Protection Agency governs the disclosure of lead-based paint warnings in all rentals in the States. Distinct from that, however, required disclosures and lease terms will be based on the laws of the state, and sometimes county, where the property is located.
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