[{"data":1,"prerenderedAt":525},["ShallowReactive",2],{"document-extension-of-a-lease-D1176":3},{"document":4,"label":23,"preview":11,"thumb":24,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":25,"breadcrumb":29,"related":37,"customDescModule":173,"customdescription":6,"mdFm":174,"mdProseHtml":524},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":22},"EXTENSION OF LEASE AGREEMENT This Extension of Lease Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME ] (the \"Landlord\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [TENANT NAME] (the \"Tenant\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS This Agreement is relative to a certain Lease Agreement for premises known as [DESCRIBE] located at [ADDRESS] and dated [DATE]. TERMS",null,"Extension of a Lease","1",36,"doc","https://templates.business-in-a-box.com/imgs/1000px/extension-of-a-lease-D1176.png","https://templates.business-in-a-box.com/imgs/250px/1176.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1176.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Real Estate","/templates/real-estate-business/",{"label":20,"url":21},"Business Checklists","/templates/business-checklists/","extension a lease","Extension of a Lease Template","https://templates.business-in-a-box.com/imgs/400px/1176.png",[26,16,19],{"label":27,"url":28},"Templates","/templates/",[30,31,34],{"label":27,"url":28},{"label":32,"url":33},"Legal Agreements","/templates/business-legal-agreements/",{"label":35,"url":36},"Real Estate & Leases","/templates/real-estate-and-leases/",[38,42,46,50,54,58,62,66,70,74,78,82,86,102,115,130,143,158],{"label":39,"url":40,"thumb":41,"extension":10},"Extension of Agreement","/template/extension-of-agreement-D875","https://templates.business-in-a-box.com/imgs/250px/875.png",{"label":43,"url":44,"thumb":45,"extension":10},"Decline Extension of Agreement","/template/decline-extension-of-agreement-D873","https://templates.business-in-a-box.com/imgs/250px/873.png",{"label":47,"url":48,"thumb":49,"extension":10},"Agreement to Lease","/template/agreement-to-lease-D1164","https://templates.business-in-a-box.com/imgs/250px/1164.png",{"label":51,"url":52,"thumb":53,"extension":10},"Guaranty of a Lease","/template/guaranty-of-a-lease-D1177","https://templates.business-in-a-box.com/imgs/250px/1177.png",{"label":55,"url":56,"thumb":57,"extension":10},"Modification of Lease","/template/modification-of-lease-D1181","https://templates.business-in-a-box.com/imgs/250px/1181.png",{"label":59,"url":60,"thumb":61,"extension":10},"Accept Option Extension of Agreement","/template/accept-option-extension-of-agreement-D845","https://templates.business-in-a-box.com/imgs/250px/845.png",{"label":63,"url":64,"thumb":65,"extension":10},"Christmas Credit Extension Announcement","/template/christmas-credit-extension-announcement-D250","https://templates.business-in-a-box.com/imgs/250px/250.png",{"label":67,"url":68,"thumb":69,"extension":10},"Demand for Extension of Payment Date","/template/demand-for-extension-of-payment-date-D444","https://templates.business-in-a-box.com/imgs/250px/444.png",{"label":71,"url":72,"thumb":73,"extension":10},"Denial of Request for Extension of Time","/template/denial-of-request-for-extension-of-time-D388","https://templates.business-in-a-box.com/imgs/250px/388.png",{"label":75,"url":76,"thumb":77,"extension":10},"Grant of Request for Extension of Time","/template/grant-of-request-for-extension-of-time-D215","https://templates.business-in-a-box.com/imgs/250px/215.png",{"label":79,"url":80,"thumb":81,"extension":10},"Request to Bank for Extension of Time","/template/request-to-bank-for-extension-of-time-D459","https://templates.business-in-a-box.com/imgs/250px/459.png",{"label":83,"url":84,"thumb":85,"extension":10},"Agreement to Cancel Lease","/template/agreement-to-cancel-lease-D1163","https://templates.business-in-a-box.com/imgs/250px/1163.png",{"description":87,"descriptionCustom":6,"label":88,"pages":89,"size":90,"extension":10,"preview":91,"thumb":92,"svgFrame":93,"seoMetadata":94,"parents":95,"keywords":100,"url":101},"COMMERCIAL LEASE AGREEMENT This Lease Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Landlord\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [TENANT NAME] (the \"Tenant\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] DESCRIPTION OF PREMISES Landlord leases to Tenant the premises located at [address], [city], [state], and described more particularly as follows: [insert legal description]. GRANT OF LEASE Landlord, in consideration of the rents to be paid and the covenants and agreements to be performed and observed by the Tenant, does hereby lease to the Tenant and the Tenant does hereby lease and take from the Landlord the property described in Exhibit \"A\" attached hereto and by reference made a part hereof (the \"Leased Premises\"), together with, as part of the parcel, all improvements located thereon. LEASE TERM Total Term of Lease: The term of this Lease shall begin on the commencement date, as defined in Section b) of this Article 3, and shall terminate on [DATE]. Commencement Date: The \"Commencement Date\" shall mean the date on which the Tenant shall commence to conduct business on the Leased Premised, so long as such date is not in excess of [NUMBER] days subsequent to execution hereof. EXTENSIONS The parties hereto may elect to extend this Agreement upon such terms and conditions as may be agreed upon in writing and signed by the parties at the time of any such extension. DETERMINATION OF RENT The Tenant agrees to pay the Landlord and the Landlord agrees to accept, during the term hereof, at such place as the Landlord shall from time to time direct by notice to the Tenant, rent at the following rates and times: Annual Rent: Annual rent for the term of the Lease shall be [AMOUNT], plus applicable sales tax. Payment of Yearly Rent: The annual rent shall be payable in advance in equal monthly installments of one-twelfth (1/12th) of the total yearly rent, which shall be [AMOUNT], on the first day of each and every calendar month during the term hereof, and prorata for the fractional portion of any month, except that on the first day of the calendar month immediately following the Commencement Date, the Tenant shall also pay to the Landlord rent at the said rate for any portion of the preceding calendar month included in the term of this Lease. Reference to yearly rent hereunder shall not be implied or construed to the effect that this Lease or the obligation to pay rent hereunder is from year to year, or for any term shorter than the existing Lease term, plus any extensions as may be agreed upon. A late fee in the amount of [AMOUNT] shall be assessed if payment is not postmarked or received by Landlord on or before the tenth day of each month. USE OF PROPERTY BY TENANT The Leased Premises may be occupied and used by Tenant exclusively as a [DESCRIBE], to be known as a [DESCRIBE]. Nothing herein shall give Tenant the right to use the property for any other purpose or to sublease, assign, or license the use of the property to any Sub-Tenant, assignee, or licensee, which or who shall use the property for any other use. RESTRICTIONS ON USE Tenant shall not use the demised premises in any manner that will increase risks covered by insurance on the demised premises and result in an increase in the rate of insurance or a cancellation of any insurance policy, even if such use may be in furtherance of Tenant's business purposes. Tenant shall not keep, use, or sell anything prohibited by any policy of fire insurance covering the demised premises, and shall comply with all requirements of the insurers applicable to the demised premises necessary to keep in force the fire and liability insurance. WASTE, NUISANCE, OR UNLAWFUL ACTIVITY Tenant shall not allow any waste or nuisance on the demised premises, or use or allow the demised premises to be used for any unlawful purpose. DELAY IN DELIVERING POSSESSION This lease agreement shall not be rendered void or voidable by the inability of Landlord to deliver possession to Tenant on the date set forth in Section 3. Landlord shall not be liable to Tenant for any loss or damage suffered by reason of such a delay; provided, however, that Landlord does deliver possession no later than [date]. In the event of a delay in delivering possession, the rent for the period of such delay will be deducted from the total rent due under this lease agreement. No extension of this lease agreement shall result from a delay in delivering possession. SECURITY DEPOSIT The Tenant has deposited with the Landlord the sum of [AMOUNT] as security for the full and faithful performance by the Tenant of all the terms of this lease required to be performed by the Tenant. Such sum shall be returned to the Tenant after the expiration of this lease, provided the Tenant has fully and faithfully carried out all of its terms. In the event of a bona fide sale of the property of which the leased premises are a part, the Landlord shall have the right to transfer the security to the purchaser to be held under the terms of this lease, and the Landlord shall be released from all liability for the return of such security to the Tenant. TAXES Property Taxes: The Tenant shall be liable for all taxes levied against any leasehold interest of the Tenant or personal property and trade fixtures owned or placed by the Tenant in the Leased Premises. Real Estate Taxes: During the continuance of this lease Landlord shall deliver to Tenant a copy of any real estate taxes and assessments against the Leased Property. From and after the Commencement Date, the Tenant shall pay to Landlord not later than [NUMBER] days after the day on which the same may become initially due, all real estate taxes and assessments applicable to the Leased Premises, together with any interest and penalties lawfully imposed thereon as a result of Tenant's late payment thereof, which shall be levied upon the Leased Premises during the term of this Lease. Contest of Taxes: The Tenant, at its own cost and expense, may, if it shall in good faith so desire, contest by appropriate proceedings the amount of any personal or real property tax. The Tenant may, if it shall so desire, endeavor at any time or times, by appropriate proceedings, to obtain a reduction in the assessed valuation of the Leased Premises for tax purposes. In any such event, if the Landlord agrees, at the request of the Tenant, to join with the Tenant at Tenant's expense in said proceedings and the Landlord agrees to sign and deliver such papers and instruments as may be necessary to prosecute such proceedings, the Tenant shall have the right to contest the amount of any such tax and the Tenant shall have the right to withhold payment of any such tax, if the statute under which the Tenant is contesting such tax so permits. Payment of Ordinary Assessments: The Tenant shall pay all assessments, ordinary and extraordinary, attributable to or against the Leased Premises not later than [NUMBER] days after the day on which the same became initially due. The Tenant may take the benefit of any law allowing assessments to be paid in installments and in such event the Tenant shall only be liable for such installments of assessments due during the term hereof. ","Commercial Lease Agreement","19",145,"https://templates.business-in-a-box.com/imgs/1000px/lease-agreement-D1179.png","https://templates.business-in-a-box.com/imgs/250px/1179.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1179.xml",{"title":6,"description":6},[96,98],{"label":17,"url":97},"real-estate-business",{"label":20,"url":99},"business-checklists","lease agreement","/template/lease-agreement-D1179",{"description":103,"descriptionCustom":6,"label":104,"pages":8,"size":105,"extension":10,"preview":106,"thumb":107,"svgFrame":108,"seoMetadata":109,"parents":110,"keywords":113,"url":114},"TERMINATION OF LEASE OBLIGATION This Release Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Lessor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [LESSEE NAME] (the \"Lessee\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] TERMS On [date], a lease agreement was executed between Lessor and Lessee for the premises located at [address], a copy of which is attached hereto and made a part hereof. [facts giving rise to this release] The parties desire to settle all claims of Lessor with respect to said lease and to terminate all obligations of either party thereunder","Termination of Lease Obligation",29,"https://templates.business-in-a-box.com/imgs/1000px/termination-of-lease-obligation-D1202.png","https://templates.business-in-a-box.com/imgs/250px/1202.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1202.xml",{"title":6,"description":6},[111,112],{"label":17,"url":97},{"label":20,"url":99},"termination lease obligation","/template/termination-of-lease-obligation-D1202",{"description":116,"descriptionCustom":6,"label":117,"pages":118,"size":119,"extension":10,"preview":120,"thumb":121,"svgFrame":122,"seoMetadata":123,"parents":125,"keywords":124,"url":129},"MONTH-TO-MONTH LEASE AGREEMENT This Lease Agreement (\"Lease\") is entered by and between ______________________ (\"Owner\") and ______________________ (\"Tenant\") on _______ (Date). Owner and Tenant may collectively be referred to as the \"Parties.\" This Lease creates joint and several liabilities in the case of multiple Tenants. The Parties agree as follows: PREMISES: Owner hereby leases the premises located at _____________________ _________________________________ in the City of _________________, State of ________________, (the \"Premises\") to Tenant. LEASE TERM: The Lease will start on _____________________ and will continue as a month-to-month tenancy. In accordance with the State Statutes to terminate tenancy the Owner or Tenant must give the other party a written one (1) months' notice of Lease non-renewal. The Tenant may only terminate their Lease on the last day of any month and the Owner must receive a written notification of non-renewal at least ____ days prior to the last day of that month. If the Tenant plans to leave on or after the first of any month, they are responsible for that month's full rent. If the Tenant does not provide the Owner with a written ____ days' notice, they shall forfeit their full deposit amount. LEASE PAYMENTS: Tenant(s) agree to rent this dwelling on a month-to-month basis for $ _______ per month, payable in advance on the ______ day of the calendar month for which Owner(s) will give Tenant(s) a rebate/discount of $ _____________. SECURITY/CLEANING DEPOSIT: The security/cleaning deposit on this dwelling is $ _________. It is refundable if Tenant(s) leave the dwelling reasonably clean and undamaged. OCCUPANT(S): Only the following ____ persons and ____ pets are to live in this dwelling described as ____________________________________________________________________. Without Owners' prior permission written permission, no other persons may live there and no other pets may stay there, even temporarily, nor may the dwelling be sublet or used for business purposes. UTILITIES ANDS SERVICES: Charge for ☐ electricity, ☐ telephone service, ☐ cable television, ☐ heat, ☐ hot water, ☐ water, ☐ garbage pick-up, ☐ snow-removal and ☐ lawn maintenance are services/utilities provided to the apartment are included as a part of this Lease and shall be borne by the Owner in addition to the following: __________________________________________. Remarks (if any): ______________________________________________________________________ INSURANCE: Landlord and Tenant shall each be responsible to maintain appropriate insurance for their respective interests in the Premises and property located on the Premises. Tenant understands that Landlord will not provide any insurance coverage for Tenant's property. Landlord will not be responsible for any loss of Tenant's property, whether by theft, fire, riots, strikes, acts of God or otherwise. Landlord encourages Tenant to obtain renter's insurance or other similar coverage to protect against risk of loss. LATE CHARGES: Rent is due on the 1st of each month. If any or all of the rent is not received by the ____ of the month, $____ per day will be charged as late fees until full rental payment is received","Month To Month Lease Agreement","3",513,"https://templates.business-in-a-box.com/imgs/1000px/month-to-month-lease-agreement-D12660.png","https://templates.business-in-a-box.com/imgs/250px/12660.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12660.xml",{"title":124,"description":6},"month to month lease agreement",[126,128],{"label":32,"url":127},"business-legal-agreements",{"label":32,"url":127},"/template/month-to-month-lease-agreement-D12660",{"description":131,"descriptionCustom":6,"label":132,"pages":133,"size":119,"extension":10,"preview":134,"thumb":135,"svgFrame":136,"seoMetadata":137,"parents":139,"keywords":138,"url":142},"LANDLORD CONSENT TO SUBLEASE AGREEMENT This Landlord Consent to Sublease (the \"Agreement\") is effective [DATE], BETWEEN: [THE LANDLORD'S NAME], (the \"Landlord\") an individual with their main address located at: [YOUR COMPLETE ADDRESS] AND: [THE TENANT'S NAME], (the \"Tenant\") an individual with their main address located at: [COMPLETE ADDRESS] AND: [THE SUBTENANT'S NAME], (the \"Subtenant\") an individual with their main address located at: [COMPLETE ADDRESS] The Landlord, the Tenant and the Subtenant shall be collectively referred to as \"Parties\" and individually as \"Party.\" WHEREAS, The Landlord is the owner of the property in question, located at [ADDRESS OF THE PROPERTY] (the \"Property\"); WHEREAS, The Landlord as Lessor, and the Tenant, as Lessee, entered into a lease agreement covering the Property, a copy of which is attached as Exhibit A (the \"Lease\"); WHEREAS, The Tenant wishes to sublease its right and obligations as Lessee under the Lease to the Subtenant, and the Subtenant wishes to accept the Sublease of the Lease and assume these obligations on the terms set forth in this Agreement. NOW, THEREFORE THE PARTIES HERETO AGREE AS FOLLOWS: CONSENT TO SUBLEASE The Landlord hereby consents the Tenant's Sublease of the Lease to the Subtenant on the terms of the Sublease of the Lease, a copy of which is attached as Exhibit B (the \"Sublease\"). The Landlord's consent to the Sublease does not constitute consent to any subsequent subleases or assignments of the Property. The Tenant shall provide the Landlord with a fully executed copy of the Sublease promptly after it is signed. CONTINUING LIABILITY OF TENANT The Tenant acknowledges that: It remains primarily liable for, and is not released from, the performance of all terms of the Lease, notwithstanding the Landlord's consent to the Sublease or any breach committed by the Subtenant under the Sublease, and The Landlord may pursue any remedies available if the Tenant breaches the Lease, without regard to the performance by the Subtenant of the terms of the Sublease. The Tenant shall be responsible for the collection of all Rent due it from the Subtenant, and for the performance of all the other terms and conditions of the Sublease. CONTINUING EFFECTIVENESS OF LEASE All other terms of the Lease remain in full force and effect, including the prohibition against further assignments and subleases without the Landlord's express written consent. MONTHLY BASIC RENT The Rent due from the Subtenant under the Sublease is not greater than the Rent due from the Tenant under the Lease. The Subtenant must pay monthly Rent of [MONTHLY RENT DUE], payable by [METHOD OF PAYMENT] on the [DAY OF MONTH] of each month as of [START DATE] until [END DATE]. SUBLEASE SUBORDINATE TO THE LEASE The Sublease is subject and subordinate to the Lease. Neither the Tenant nor the Subtenant may do or permit anything to be done in connection with the Sublease or the Subtenant's occupancy of the Property that would violate the Lease. SUBLEASE AGREEMENT The Tenant and the Subtenant hereby represent that a true and complete copy of the Sublease is attached hereto and made a part hereof as Exhibit B, and the Tenant and the Subtenant agree that the Sublease shall not be modified without the Landlord's prior written consent, which consent shall not be unreasonably withheld, conditioned, or delayed. REPRESENTATIONS The Landlord hereby represents and warrants, as of the date hereof, that (i) the Landlord has full power and authority to enter into this Agreement, (ii) the Lease is in full force and effect, (iii) to the best of the Landlord's knowledge, the Tenant is not in default thereunder; and (iv) the Landlord has received no notice that it is in default under the Lease nor has the Landlord any knowledge of the existence of any condition or the occurrence of any event, which, if not acted on in a timely fashion, would result in the Tenant's default under the Lease. NO TRANSFER The Subtenant shall not further sublease the Sublet Premises, assign its interest as the Subtenant under the Sublease or otherwise transfer its interest in the Sublet Premises or the Sublease to any person or entity. NON-DISTURBANCE OF SUBTENANT","Landlord Consent To Sublease Agreement","7","https://templates.business-in-a-box.com/imgs/1000px/performance-form-2018-19-copy-D13019.png","https://templates.business-in-a-box.com/imgs/250px/13019.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13019.xml",{"title":138,"description":6},"landlord consent to sublease agreement",[140,141],{"label":32,"url":127},{"label":32,"url":127},"/template/landlord-consent-to-sublease-agreement-D13019",{"description":144,"descriptionCustom":6,"label":145,"pages":8,"size":119,"extension":10,"preview":146,"thumb":147,"svgFrame":148,"seoMetadata":149,"parents":151,"keywords":156,"url":157},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: Notice of Change in Rent Dear [Contact name],","Notice of Change in Rent","https://templates.business-in-a-box.com/imgs/1000px/notice-of-change-in-rent-D1210.png","https://templates.business-in-a-box.com/imgs/250px/1210.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1210.xml",{"title":150,"description":6},"notice of change in rent",[152,153],{"label":17,"url":97},{"label":154,"url":155},"Business Letters","business-letters","notice change in rent","/template/notice-of-change-in-rent-D1210",{"description":159,"descriptionCustom":6,"label":160,"pages":161,"size":119,"extension":10,"preview":162,"thumb":163,"svgFrame":164,"seoMetadata":165,"parents":167,"keywords":166,"url":172},"REAL ESTATE PURCHASE AGREEMENT This Real Estate Purchase Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [SELLER NAME], (the \"Seller\") an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [PURCHASER NAME], (the \"Purchaser\") an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] Collectively, the Seller and Purchaser shall be referred to as the \"Parties.\" WHEREAS, the Seller is the owner of the real property located at [ADDRESS OF PROPERTY] (hereinafter referred to as the \"Property\") and the Purchaser is interested in buying the Property from the Seller pursuant to the following terms and conditions. WHEREAS, in consideration of and as a condition of the Seller selling the Property and the Purchaser purchasing the Property and other valuable consideration, the receipt and sufficiency of which are acknowledged here; NOW, THEREFORE, the Parties agree as follows: PROPERTY The Property is situated at [SPECIFY ADDRESS] and the legal description of the Property is as follows: [SPECIFY LEGAL DESCRIPTION OF PROPERTY] which includes with it but is not limited to permits, easements, and cooperative and association memberships (the \"Property\"). The Seller agrees to sell and convey to the Purchaser and the Purchaser agrees to purchase the Property from the Seller. The Seller shall release possession, occupancy, existing keys and/or means to operate all locks, mailbox, security system/alarms and all common area facilities to the Purchaser on the Closing Date. The Seller agrees that all the existing fixtures on the Premises, and any existing personal property including but not limited to light fixtures, fireplace, ceiling fans, lighting, and storage sheds shall be included in this sale and shall be transferred with no monetary value, and free and clear of all liens or encumbrances. PAYMENT OF PURCHASE PRICE The Purchaser agrees to pay to the Seller [SPECIFY AMOUNT] for the Property. At the time of signing of the Agreement, the Purchaser shall make the payment of [SPECIFY PERCENTAGE] % of the total amount. The remaining amount shall be transferred to the Seller on the Closing Date. The Purchaser is entitled to pay the amount by any of the following modes: [SPECIFY MODES OF PAYMENT]. TITLE INSURANCE The Seller shall furnish to the Purchaser an owner's policy of title insurance (the \"Title Insurance\") from [SPECIFY INSURANCE COMPANY] (the \"Title Company\") in an amount of the Sales Price dated as of the date that the sale of the Property becomes final, and the Purchaser takes possession, which insures and indemnifies the Purchaser against loss, as stipulated under the provisions of the Title Policy, subject to exceptions contained therein. TITLE COMMITMENT At the Seller's sole cost, the Seller will furnish or cause to be furnished to the Purchaser a commitment for the Title Insurance and copies of restrictive covenants and documents evidencing the exceptions in the Commitment. DISCLOSURES BY THE SELLER The Seller shall send disclosures to the Purchaser, within 28 days of signing of this Agreement, in which he shall disclose the details of the Property under various categories. The categories include: Boundaries. Changes made to the Property (extensions, alterations). Shared areas with neighbors, formal and informal agreements. Disputes or complaints (made by or about the Seller). Occupiers (who live at the Property). Guarantees and warranties affecting the Property. Environmental matters. The relevant issues disclosed to the Purchaser shall include, but are not limited to the following: Any disputes with neighbors that have resulted in written exchanges, or police or local authority involvement. Whether the neighbors have any anti-social behavior orders. Planning permission on the Property that is pending, granted or denied. Problems with pests, current or historic. Flooding issues, current or historic. Structural issues. Whether there is a flight path nearby or one planned. Whether there is a motorway within view or one planned. A previous sale falling through due to bad survey results on the Property. The neighborhood having high levels of crime. A violent death that occurred at the Property. Notwithstanding anything contained in the foregoing provisions, the Seller shall disclose all such information which would materially affect the Purchaser's consent to purchase the Property. WARRANTY BY THE SELLER The Seller has full power and authority to enter into and perform this Agreement in accordance with its terms; The individuals executing this Agreement on behalf of the Seller are authorized to do so and, upon execution hereof, this Agreement shall be binding upon and enforceable against the Seller; The Seller has no actual knowledge of any impending lawsuits with respect to the Property; The Seller represents and warrants that there will be no liens, assessments, or security interests from third parties against the Property on the Closing Date; The Seller warrants and shall maintain and repair the Premises so that at the time of possession, all the heating, cooling, mechanical, plumbing and electrical systems, and built-in appliances shall be in working condition; The Seller warrants that the Premises, including all additional existing personal property included in the sale, will be in substantially the same condition, except the changes caused by reasonable wear and tear or irresistible force, as on the date of acceptance of the Agreement; The Seller warrants that no damage would be caused to the Property, by any improvement work being carried out by the Seller in the Property, to substantially reduce its value or damage it in a way to make its enjoyment difficult. WARRANTY BY THE PURCHASER The Purchaser has full power and authority to enter into and perform this Agreement in accordance with its terms; and Any individual executing this Agreement on behalf of the Purchaser is authorized to do so, and, upon execution hereof, this Agreement shall be binding upon and enforceable against the Purchaser. INDEMNIFICATION The Seller will bear all the risk of loss to the Property or its improvements, which includes but is not limited to physical damage or destruction to the Property, or loss caused by eminent domain, until the Closing Date. If prior to the Closing Date, the Property is damaged or destroyed, the Seller will restore the Property to its previous condition as soon as possible before the Closing Date. The Seller agrees to defend, indemnify, and hold the Purchaser harmless from and against all claims, liabilities, obligations, costs, expenses, and reasonable attorney's fees arising out of or related to: Any breach or inaccuracy of representation or warranty of the Seller made in this Agreement; Any failure by the Seller to perform any covenant required to be performed by it under this Agreement; Any liability or obligation of any third party assumed by the Seller in accordance with the terms of this Agreement; Use of the Property before the Closing Date. PRORATION The Seller and the Purchaser agree to proration of the following items: Title Insurance and Closing Fee: The Seller shall pay all costs of the Title Commitment and the premium as applicable under law. Recording Costs: The Purchaser shall pay the cost of the deed and all other documents. Real Estate Taxes and Special Assessments: All real estate property taxes, levies and assessments as of the Closing","Real Estate Purchase Agreement","8","https://templates.business-in-a-box.com/imgs/1000px/real-estate-purchase-agreement-D13234.png","https://templates.business-in-a-box.com/imgs/250px/13234.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13234.xml",{"title":166,"description":6},"real estate purchase agreement",[168,169],{"label":32,"url":127},{"label":170,"url":171},"Purchase & Sale Agreements","purchase-sale-agreement","/template/real-estate-purchase-agreement-D13234",false,{"seo":175,"reviewer":187,"legal_disclaimer":191,"quick_facts":192,"at_a_glance":194,"personas":198,"variants":223,"glossary":250,"clauses":284,"how_to_fill":335,"common_mistakes":376,"faqs":401,"industries":429,"comparisons":454,"diy_vs_lawyer":468,"jurisdictions":481,"related_template_ids_curated":502,"schema":511,"classification":512},{"meta_title":176,"meta_description":177,"primary_keyword":178,"secondary_keywords":179},"Extension Of A Lease Template | Free Word Download","Free lease extension template to formally extend a commercial or residential lease. Covers new term, rent, conditions, and governing law.","lease extension template",[180,181,182,183,184,185,186],"extension of a lease template","lease extension agreement template","commercial lease extension template","lease renewal template word","lease extension letter template","lease extension agreement free","extend lease agreement template",{"name":188,"credential":189,"reviewed_date":190},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":193,"legal_review_recommended":191,"signature_required":191,"notarization_required":173},"medium",{"what_it_is":195,"when_you_need_it":196,"whats_inside":197},"An Extension of a Lease is a legally binding amendment that formally continues an existing lease agreement beyond its original expiry date. This free Word download lets you specify the new term, any rent adjustment, and updated conditions — then export as PDF and execute with both parties' signatures in minutes.\n","Use it when an existing lease is approaching its end date and both landlord and tenant agree to continue the tenancy on the same or modified terms, without drafting an entirely new lease from scratch.\n","Identification of the original lease and parties, the new term start and end dates, revised rent amount and payment schedule, any modified conditions or obligations, confirmation that all other original lease terms remain in force, and signatures of both parties.\n",[199,203,207,211,215,219],{"title":200,"use_case":201,"icon_asset_id":202},"Commercial landlords","Retaining a reliable tenant in office or retail space beyond the original term","persona-landlord",{"title":204,"use_case":205,"icon_asset_id":206},"Small business owners","Extending a storefront or office lease without renegotiating the full agreement","persona-small-business-owner",{"title":208,"use_case":209,"icon_asset_id":210},"Property managers","Processing lease extensions across a portfolio of managed units efficiently","persona-property-manager",{"title":212,"use_case":213,"icon_asset_id":214},"Startup founders","Holding office space while finalizing a longer-term real estate decision","persona-startup-founder",{"title":216,"use_case":217,"icon_asset_id":218},"Residential landlords","Formalizing a continued tenancy to avoid a month-to-month holdover arrangement","persona-residential-landlord",{"title":220,"use_case":221,"icon_asset_id":222},"Corporate tenants","Securing continued occupancy of a branch location pending internal space planning","persona-corporate-tenant",[224,228,231,235,238,242,246],{"situation":225,"recommended_template":226,"slug":227},"Extending a commercial office or retail lease","Commercial Lease Extension Agreement","extension-of-a-lease-D1176",{"situation":229,"recommended_template":230,"slug":227},"Extending a residential apartment or house lease","Residential Lease Extension Agreement",{"situation":232,"recommended_template":233,"slug":234},"Converting a fixed-term lease to a rolling month-to-month arrangement","Month-to-Month Lease Agreement","month-to-month-lease-agreement-D12660",{"situation":236,"recommended_template":88,"slug":237},"Starting a brand-new tenancy with a different structure","lease-agreement-D1179",{"situation":239,"recommended_template":240,"slug":241},"Adding a new subletting arrangement during the extended term","Sublease Agreement","landlord-consent-to-sublease-agreement-D13019",{"situation":243,"recommended_template":244,"slug":245},"Documenting a rent reduction or abatement negotiated at renewal","Lease Amendment Agreement","amendment-agreement-D13872",{"situation":247,"recommended_template":248,"slug":249},"Terminating a lease early rather than extending it","Lease Termination Agreement","termination-of-lease-obligation-D1202",[251,254,257,260,263,266,269,272,275,278,281],{"term":252,"definition":253},"Holdover Tenancy","A situation where a tenant continues occupying a property after the original lease expires without a signed extension, typically converted by law to a month-to-month arrangement at the landlord's option.",{"term":255,"definition":256},"Extension Term","The new period of time — stated as a start date and end date — for which the lease is continued under the extension agreement.",{"term":258,"definition":259},"Base Rent","The fixed periodic payment due from tenant to landlord, stated as a dollar amount per month or per year, before any operating cost adjustments.",{"term":261,"definition":262},"Rent Escalation Clause","A provision that increases rent by a specified percentage or index (such as CPI) at defined intervals during the lease or extension term.",{"term":264,"definition":265},"Incorporation by Reference","A drafting technique that makes the original lease's terms legally part of the extension document without restating them in full.",{"term":267,"definition":268},"Condition Precedent","An event or requirement that must be satisfied before the extension becomes effective — for example, the tenant not being in default at the time of signing.",{"term":270,"definition":271},"Security Deposit","A sum of money held by the landlord as security against damage or unpaid rent, which may be topped up or released at the time of a lease extension.",{"term":273,"definition":274},"CPI Adjustment","An annual rent increase tied to the Consumer Price Index, used in commercial leases to preserve the landlord's real purchasing power over the term.",{"term":276,"definition":277},"Quiet Enjoyment","A landlord's implied or express covenant that the tenant may occupy the premises without interference from the landlord or any party claiming through the landlord.",{"term":279,"definition":280},"Option to Renew","A clause in the original lease giving the tenant the contractual right — but not the obligation — to extend the lease for a further period at pre-agreed or market-determined rent.",{"term":282,"definition":283},"Triple Net (NNN)","A commercial lease structure where the tenant pays base rent plus property taxes, building insurance, and maintenance costs directly.",[285,290,295,300,305,310,315,320,325,330],{"name":286,"plain_english":287,"sample_language":288,"common_mistake":289},"Recitals and identification of the original lease","Identifies the parties, the property address, and the original lease being extended, including its execution date and expiry date.","This Extension of Lease Agreement is entered into as of [DATE] between [LANDLORD LEGAL NAME] ('Landlord') and [TENANT LEGAL NAME] ('Tenant'), with respect to the lease dated [ORIGINAL LEASE DATE] for the premises located at [PROPERTY ADDRESS] (the 'Original Lease'), which expires on [ORIGINAL EXPIRY DATE].","Referencing the original lease by an informal description rather than its exact execution date and parties — creating a dispute about which document is being extended if there have been prior amendments.",{"name":291,"plain_english":292,"sample_language":293,"common_mistake":294},"Extended term","States the exact new start and end dates of the extension, making clear that the extended term begins immediately after the original term expires.","The term of the Original Lease is hereby extended for a period of [X MONTHS / YEARS], commencing on [NEW START DATE] and ending on [NEW END DATE], unless sooner terminated in accordance with the terms hereof.","Leaving a gap between the original expiry date and the extension start date, inadvertently creating a holdover period that may trigger statutory month-to-month conversion.",{"name":296,"plain_english":297,"sample_language":298,"common_mistake":299},"Rent during the extended term","Sets the rent amount payable during the extension, which may be the same as, higher than, or lower than the original rent, and states when and how it is payable.","During the Extension Term, Tenant shall pay Landlord a monthly base rent of $[AMOUNT], due on the [1st] day of each calendar month. Rent shall be payable by [PAYMENT METHOD] to [LANDLORD ADDRESS / ACCOUNT DETAILS].","Failing to specify whether the extension rent supersedes or supplements the original rent clause — causing disputes when the original lease contained escalation provisions that the parties assumed were suspended.",{"name":301,"plain_english":302,"sample_language":303,"common_mistake":304},"Rent escalation during the extension","Describes any scheduled rent increases during the extended term, whether fixed percentage, CPI-linked, or market-review-based.","The monthly base rent shall increase by [X]% on each anniversary of the Extension Term commencement date, or in accordance with the change in the Consumer Price Index for [REGION], whichever is [GREATER / LESSER].","Omitting an escalation clause entirely and assuming the flat rate in the extension will hold for multi-year terms — leaving the landlord without protection against inflation over a two- or three-year extension.",{"name":306,"plain_english":307,"sample_language":308,"common_mistake":309},"Conditions and representations","States that the extension is conditional on the tenant not being in default at the time of signing, and that each party represents they have authority to enter the agreement.","This Extension is conditional upon Tenant not being in default under the Original Lease as of the date hereof. Tenant represents that no event of default exists or, to Tenant's knowledge, is reasonably anticipated. Each party represents it has full authority to enter into this Agreement.","Executing the extension without checking for existing defaults — giving a defaulting tenant a clean extension document that complicates subsequent termination proceedings.",{"name":311,"plain_english":312,"sample_language":313,"common_mistake":314},"Incorporation of original lease terms","Confirms that all terms of the original lease remain in full force during the extension except as specifically modified by this agreement.","Except as expressly modified herein, all terms, covenants, and conditions of the Original Lease shall remain in full force and effect during the Extension Term and are incorporated herein by reference. In the event of a conflict between this Extension and the Original Lease, this Extension shall govern.","Not including a conflict-resolution hierarchy — when both documents contain different provisions, ambiguity about which controls increases litigation risk.",{"name":316,"plain_english":317,"sample_language":318,"common_mistake":319},"Security deposit adjustment","Addresses whether the existing security deposit continues unchanged, is increased to reflect the new rent, or is partially returned.","The security deposit currently held by Landlord in the amount of $[CURRENT AMOUNT] shall [remain unchanged / be increased by $[ADDITIONAL AMOUNT] to a total of $[NEW TOTAL]] and shall continue to be held in accordance with the Original Lease.","Overlooking the deposit entirely in the extension document — leaving the tenant uncertain whether the original deposit still applies at the new rent level and creating a dispute at end of term.",{"name":321,"plain_english":322,"sample_language":323,"common_mistake":324},"Permitted use and alterations","Confirms the permitted use of the premises during the extension and any updated restrictions or approvals for tenant improvements.","Tenant shall continue to use the Premises solely for [PERMITTED USE] during the Extension Term. Any alterations or improvements during the Extension Term require Landlord's prior written consent and shall be subject to the terms of Section [X] of the Original Lease.","Allowing a use change during the extension without documenting it in writing — creating zoning, insurance, and liability exposure for the landlord if the tenant's operations expand beyond the original permitted use.",{"name":326,"plain_english":327,"sample_language":328,"common_mistake":329},"Broker representation","Identifies any real estate brokers involved in negotiating the extension and states who is responsible for their commission.","Each party represents that it has not engaged any real estate broker in connection with this Extension [except for [BROKER NAME], whose commission shall be paid by [PARTY]]. Each party shall indemnify and hold harmless the other from any claims arising from brokers engaged by that party.","Omitting the broker clause entirely when no broker was involved — without a mutual representation, either party can later claim a broker entitlement that triggers a commission dispute.",{"name":331,"plain_english":332,"sample_language":333,"common_mistake":334},"Entire agreement and amendments","States that this extension, together with the original lease, constitutes the entire agreement between the parties regarding the premises, and that future changes must be in writing.","This Extension Agreement, together with the Original Lease and all prior amendments thereto, constitutes the entire agreement between the parties with respect to the Premises and supersedes all prior negotiations, representations, and understandings. No further modification shall be binding unless made in writing and signed by both parties.","Leaving out the entire-agreement clause, allowing one party to argue that a verbal side-deal made during extension negotiations — such as a rent-free month or a parking concession — forms part of the contract.",[336,341,346,351,356,361,366,371],{"step":337,"title":338,"description":339,"tip":340},1,"Identify and confirm the original lease details","Enter the legal names of landlord and tenant exactly as they appear on the original lease, the property address, and the original lease execution date and expiry date. Pull the original document to verify these details precisely.","If the original lease has been amended before, reference the most recent amendment as the governing document rather than just the original — this prevents arguments about which version controls.",{"step":342,"title":343,"description":344,"tip":345},2,"Set the new extension term dates","Enter the start date as the day immediately following the original expiry date and calculate the end date based on the agreed extension length. Confirm both dates in writing with the other party before finalising the document.","Use a specific calendar date (e.g., January 1, 2027) rather than a phrase like 'one year from expiry' — relative date language causes disputes if the original expiry date is itself disputed.",{"step":347,"title":348,"description":349,"tip":350},3,"Agree and enter the rent amount","State the new monthly rent clearly in both numeric and written form. If rent changes from the original, confirm the effective date of the new amount and whether any transition period applies.","If the parties negotiate a rent-free period at the start of the extension, document it explicitly in this clause rather than leaving it as a verbal understanding.",{"step":352,"title":353,"description":354,"tip":355},4,"Add a rent escalation provision if the term exceeds 12 months","For extensions longer than one year, specify the escalation method — fixed annual percentage (e.g., 3%), CPI index, or market review — and the date on which the first increase takes effect.","Cap CPI increases at a maximum percentage (e.g., 5%) to give both parties certainty when inflation spikes unexpectedly.",{"step":357,"title":358,"description":359,"tip":360},5,"Confirm conditions and check for defaults","Before signing, verify that the tenant is not in default on rent, operating costs, or any other obligation under the original lease. Document the confirmation in the conditions clause.","Ask the tenant to provide written confirmation of their last three months' rent payments if you do not have a property management system tracking this automatically.",{"step":362,"title":363,"description":364,"tip":365},6,"Address the security deposit","State explicitly whether the existing deposit continues, is increased proportionally to the new rent, or is partially returned. Calculate any top-up amount based on the new monthly rent multiple used in the original lease.","In jurisdictions with statutory deposit caps (e.g., two months' rent in many US states), verify the new deposit total does not exceed the legal maximum.",{"step":367,"title":368,"description":369,"tip":370},7,"Execute with both parties' signatures","Both landlord and tenant (and any guarantors) must sign the extension before the original lease expiry date. Use the same signing formalities — witness, corporate seal, or notarization — required by the original lease.","Use Business in a Box eSign to timestamp execution and store the fully-executed copy digitally — a common source of landlord-tenant disputes is a lost or unsigned extension.",{"step":372,"title":373,"description":374,"tip":375},8,"Register or file the extension if required","In some jurisdictions and for commercial leases above a certain term length, the extension must be registered against the title of the property to be enforceable against third parties. Check local requirements before execution.","Even where registration is not mandatory, filing a notice of lease extension protects the tenant's occupancy rights if the property is sold during the extended term.",[377,381,385,389,393,397],{"mistake":378,"why_it_matters":379,"fix":380},"Executing the extension after the original lease has already expired","A holdover tenancy may have already been created under statute, converting the arrangement to month-to-month. The executed extension may be treated as a new lease rather than a continuation, triggering different tax, stamp duty, or registration obligations.","Initiate the extension process at least 60 days before the expiry date. If the lease has already expired, consult a lawyer about whether a new lease or a backdated extension is the appropriate instrument.",{"mistake":382,"why_it_matters":383,"fix":384},"Failing to specify whether modified rent replaces or supplements the original rent clause","If the original lease contained CPI escalation or operating cost pass-throughs that were never formally suspended, both the original escalation formula and the new flat rate may apply simultaneously — creating a billing dispute.","Include an explicit statement that the rent clause in the extension supersedes Section [X] of the Original Lease in its entirety for the duration of the Extension Term.",{"mistake":386,"why_it_matters":387,"fix":388},"Extending without checking whether an option to renew clause governs the process","If the original lease contains an option to renew with specific procedural requirements — notice period, rent determination method, or form of exercise — failing to follow those procedures may invalidate the extension or cause the tenant to lose the option entirely.","Review the original lease for any renewal option clause before drafting the extension. If an option exists, the extension must either exercise it formally or expressly supersede it.",{"mistake":390,"why_it_matters":391,"fix":392},"Omitting the broker representation clause when no broker was involved","Without a mutual no-broker representation, an undisclosed broker can later claim a commission from either party based on involvement in the negotiations, even if that involvement was minimal.","Always include a mutual representation that neither party engaged a broker, or identify any broker and confirm responsibility for their fee in writing.",{"mistake":394,"why_it_matters":395,"fix":396},"Not updating the permitted-use clause when the tenant's business has changed","Extending a lease that still reflects a permitted use from five years ago — when the tenant's operations have since expanded — creates zoning, insurance, and landlord-consent exposure for both parties.","Review the permitted-use clause against the tenant's current operations before executing the extension and update it in writing if the use has materially changed.",{"mistake":398,"why_it_matters":399,"fix":400},"Using a simple email exchange or letter instead of a formal signed extension","In most jurisdictions, an agreement to extend a lease for more than one year must be in writing and signed to be enforceable under the Statute of Frauds. An email chain may not satisfy this requirement.","Always use a formal, signed lease extension document for any extension exceeding one month, regardless of how well the parties know each other.",[402,405,408,411,414,417,420,423,426],{"question":403,"answer":404},"What is a lease extension?","A lease extension is a legally binding agreement that continues an existing lease beyond its original expiry date. It identifies the original lease, sets new start and end dates for the extended term, confirms or adjusts the rent, and incorporates the original lease's remaining terms by reference. It is faster and less expensive to prepare than a full new lease while still creating enforceable obligations on both parties.\n",{"question":406,"answer":407},"What is the difference between a lease extension and a lease renewal?","A lease extension continues the same lease document beyond its expiry date, preserving existing terms except those specifically modified. A lease renewal starts a new lease agreement, which may contain entirely different terms, conditions, and obligations. Extensions are simpler and cheaper for both parties when the fundamental relationship has not changed; renewals are appropriate when the parties want to substantially renegotiate the arrangement.\n",{"question":409,"answer":410},"Does a lease extension need to be in writing?","In most common-law jurisdictions, any agreement to extend a lease for more than one year must be in writing and signed by both parties to satisfy the Statute of Frauds. Even for shorter extensions, a written document is strongly advisable to prevent disputes about the agreed rent, term length, and conditions. Oral extensions are generally enforceable only for very short periods and carry significant evidentiary risk.\n",{"question":412,"answer":413},"What happens if a lease expires without an extension being signed?","When a lease expires without a formal extension, the tenant typically becomes a holdover tenant. In most jurisdictions, the landlord has the option to treat this as a month-to-month tenancy at the existing or an increased rent, or to pursue eviction. Holdover tenancies create uncertainty for both parties — the landlord cannot reliably re-let the space and the tenant has no security of tenure. Executing an extension before expiry eliminates this risk for both sides.\n",{"question":415,"answer":416},"Can rent be changed in a lease extension?","Yes. A lease extension can maintain the original rent, increase it by a fixed percentage, link it to CPI, or set an entirely new market rate. Any change to rent must be clearly stated in the extension document, along with the effective date. If the original lease contained an escalation clause, the extension should expressly state whether that clause continues, is superseded, or is suspended during the extension term to avoid conflicting calculations.\n",{"question":418,"answer":419},"Do I need a lawyer to complete a lease extension?","For straightforward extensions of commercial or residential leases where the parties are simply continuing on similar terms, a well-drafted template is typically sufficient. Consider engaging a lawyer when the extension involves a significant rent renegotiation, a change in permitted use, a lease with unusual or complex original terms, a property in a jurisdiction with strict tenancy legislation, or a term length that triggers registration or stamp duty obligations.\n",{"question":421,"answer":422},"Does a lease extension need to be registered?","Registration requirements vary by jurisdiction and lease length. In England and Wales, leases of more than seven years must be registered at HM Land Registry. In many US states, commercial leases above a certain term may be recorded against the property title to protect the tenant's interest against third-party purchasers. In Canada, provincial land title systems have their own thresholds. Always check local requirements before relying on an unregistered extension.\n",{"question":424,"answer":425},"What is the difference between a lease extension and an option to renew?","An option to renew is a right built into the original lease that gives the tenant the ability to extend for a further term by serving formal notice within a specified window — typically 3 to 6 months before expiry. A lease extension agreement is a separately negotiated document executed by mutual agreement, without relying on a pre-existing option. Where an option to renew exists, exercising it incorrectly or late can void the right, making it critical to follow the original lease's procedural requirements precisely.\n",{"question":427,"answer":428},"Can a guarantor's obligations be extended by a lease extension?","Not automatically. In most jurisdictions, a guarantor's liability is limited to the original guaranteed term unless the guarantor expressly consents to the extension in writing. Extending a lease without obtaining the guarantor's written consent to cover the new term may discharge the guarantor's obligations entirely under the extended arrangement. Always obtain a guarantor consent or re-execution of the guarantee alongside the lease extension document.\n",[430,434,438,442,446,450],{"industry":431,"icon_asset_id":432,"specifics":433},"Retail and hospitality","industry-retail","Retail and hospitality tenants extend leases to secure location stability during fit-out amortization periods; rent reviews in extensions often reference turnover performance alongside CPI benchmarks.",{"industry":435,"icon_asset_id":436,"specifics":437},"Professional services","industry-professional-services","Law firms, accountants, and consultancies frequently negotiate short-form extensions of 12–24 months while evaluating whether to move to larger or smaller offices as headcount changes.",{"industry":439,"icon_asset_id":440,"specifics":441},"Technology and SaaS","industry-saas","Fast-growing tech companies use short extensions to maintain flexibility while scaling headcount, often negotiating early termination rights into the extension to avoid being locked in during a downsizing event.",{"industry":443,"icon_asset_id":444,"specifics":445},"Manufacturing and industrial","industry-manufacturing","Industrial tenants frequently extend leases for 3–5 years to protect capital investments in fitted equipment and loading infrastructure that would be uneconomical to move or replicate elsewhere.",{"industry":447,"icon_asset_id":448,"specifics":449},"Healthcare","industry-healthtech","Medical and dental practices rely on long, stable extension terms given the capital cost of fit-outs and regulatory obligations tied to a licensed premises address.",{"industry":451,"icon_asset_id":452,"specifics":453},"Education and nonprofits","industry-nonprofit","Schools and nonprofits often negotiate peppercorn or below-market rent extensions with landlords and require board or trustee approval before executing the extension agreement.",[455,458,461,464],{"vs":88,"vs_template_id":456,"summary":457},"commercial-lease-agreement-D1184","A commercial lease is a full, standalone agreement establishing a new tenancy from scratch — covering every obligation from permitted use to insurance, maintenance, and dispute resolution. A lease extension is a shorter amendment document that continues an existing lease on the same or adjusted terms. Use a new lease when the parties want to substantially renegotiate; use an extension when the fundamental arrangement is working and only the term and rent need updating.",{"vs":244,"vs_template_id":459,"summary":460},"D{LEASE_AMENDMENT_ID}","A lease amendment modifies specific terms of an existing lease mid-term — for example, adding a permitted subletting right or adjusting the permitted use. A lease extension specifically addresses the continuation of the lease beyond its expiry date. If you are changing substantive terms at the same time as extending the term, a combined amendment and extension document may be appropriate.",{"vs":248,"vs_template_id":462,"summary":463},"lease-termination-agreement-D13220","A lease termination agreement ends an existing tenancy before or at its expiry, releasing both parties from ongoing obligations. A lease extension does the opposite — it continues the tenancy and preserves those obligations for a further period. These are the two endpoints of the lease lifecycle: extension to continue, termination to exit.",{"vs":465,"vs_template_id":466,"summary":467},"Month-To-Month Lease Agreement","month-to-month-lease-agreement-D13281","A month-to-month lease creates an ongoing tenancy with no fixed end date, terminable by either party on short notice — typically 30 days. A lease extension sets a firm new end date, giving both parties certainty about the commitment period. Month-to-month arrangements suit situations where flexibility is more important than security; a formal extension suits tenants and landlords who want a defined, enforceable commitment.",{"use_template":469,"template_plus_review":473,"custom_drafted":477},{"best_for":470,"cost":471,"time":472},"Landlords and tenants extending a straightforward commercial or residential lease with no significant change in rent, use, or conditions","Free","20–30 minutes",{"best_for":474,"cost":475,"time":476},"Extensions involving rent renegotiation, changed permitted use, guarantor obligations, or properties in jurisdictions with complex tenancy legislation","$300–$800","2–5 days",{"best_for":478,"cost":479,"time":480},"Large commercial properties, long extension terms of 5+ years, extensions tied to development or sale transactions, or multi-site portfolio renewals","$1,000–$5,000+","1–3 weeks",[482,487,492,497],{"code":483,"name":484,"flag_asset_id":485,"note":486},"us","United States","flag-us","In the US, the Statute of Frauds in every state requires lease agreements — including extensions — for terms exceeding one year to be in writing and signed. Holdover tenant rules vary by state: some automatically convert to month-to-month at the same rent, others allow the landlord to treat holdover as a trespass. Commercial lease extensions in states like California, New York, and Texas may trigger re-assessment of property tax where the extension is treated as a new lease event.",{"code":488,"name":489,"flag_asset_id":490,"note":491},"ca","Canada","flag-ca","Each province has its own residential tenancy legislation governing permitted rent increases on extension — for example, Ontario's Residential Tenancies Act restricts above-guideline increases. Commercial leases are largely governed by common law and contract, with fewer statutory constraints. Quebec requires lease documents to be in French for provincially-regulated commercial premises. Registration against title is recommended for commercial extensions exceeding three years in most provinces.",{"code":493,"name":494,"flag_asset_id":495,"note":496},"uk","United Kingdom","flag-uk","In England and Wales, commercial tenants with protected leases under the Landlord and Tenant Act 1954 have a statutory right to renew on expiry unless the landlord successfully establishes a valid ground for opposition. Leases of more than seven years must be registered at HM Land Registry. Stamp Duty Land Tax may apply to lease extensions in England depending on the net present value of rent over the extended term. Scottish law follows different statutory frameworks under the Land Reform and Tenancy legislation.",{"code":498,"name":499,"flag_asset_id":500,"note":501},"eu","European Union","flag-eu","EU member states each have distinct landlord and tenant statutes — Germany, France, and the Netherlands impose significant tenant protections including statutory renewal rights and regulated rent increases for residential leases. Commercial lease extensions are largely contractual in most EU jurisdictions but may be subject to mandatory notice periods and judicial oversight in countries like France. GDPR obligations apply where the extension involves processing tenant personal data in a new notice or communication.",[237,249,234,241,503,504,505,506,507,508,509,510],"notice-of-change-in-rent-D1210","real-estate-purchase-agreement-D13234","letter-of-intent-D12655","property-management-agreement-D1196","notice-of-intent-to-vacate-premises-D13230","receipt-for-lease-security-deposit-D1199","guarantee-agreement-D5194","buyer's-property-inspection-report-D1168",{"emit_how_to":191,"emit_defined_term":191},{"primary_folder":127,"secondary_folder":513,"document_type":514,"industry":515,"business_stage":516,"tags":517,"confidence":523},"real-estate-and-leases","agreement","general","all-stages",[518,519,520,521,522],"real-estate","contract","lease-extension","amendment","landlord-tenant",0.95,"\u003Ch2>What is an Extension of a Lease?\u003C/h2>\n\u003Cp>An \u003Cstrong>Extension of a Lease\u003C/strong> is a legally binding amendment that formally continues an existing lease agreement beyond its original expiry date on the same or modified terms. Rather than drafting an entirely new lease, both landlord and tenant execute this shorter document to establish the new term length, confirm or adjust the rent, address any changes to permitted use or security deposit, and incorporate all remaining original lease obligations by reference. The result is a single enforceable document that sits alongside the original lease and governs the continued tenancy for the agreed extension period.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>When a lease expires without a signed extension in place, the tenant typically becomes a holdover tenant — a legally ambiguous status that in most jurisdictions converts automatically to a month-to-month arrangement at the existing or an increased rent. That uncertainty costs the landlord the ability to re-let the space on firm terms and strips the tenant of any security of tenure. Beyond holdover risk, an unwritten extension — agreed verbally or by email — is unenforceable for terms exceeding one year in every US state, Canada, the UK, and most EU jurisdictions under the Statute of Frauds. A properly signed lease extension document eliminates both problems: it locks in the agreed term and rent, confirms the continuing obligations on both sides, and provides the written record courts require if either party later disputes what was agreed. This template gives landlords and tenants a professionally structured starting point that covers every material clause — from the new term dates and rent escalation through to guarantor obligations and broker representation — so the extension is executed correctly, on time, and without gaps that create expensive disputes later.\u003C/p>\n",1779480598393]