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Lease Renewal Agreement Template

Image 1

Created by:

​[Landlord.FirstName][Landlord.LastName]​

​[Landlord.Company]​

Prepared for:

[Tenant.FirstName][Tenant.LastName]​

​[Tenant.Company]​

​

I. PARTIES

This lease renewal agreement (Herein, the "Agreement") is made and entered into as of [Document.CreatedDate] by and between [Landlord.FirstName][Landlord.LastName] (herein, "Landlord") whose address is [Landlord.StreetAddress], and [Tenant.FirstName][Tenant.LastName] (Herein, the "Tenant") whose address is [Tenant.StreetAddress].

Landlord is the owner of the following property: [Property.StreetAddress], a (insert property type) located in [Property.City][Property.State]. This Agreement is for the renewal of the lease on said property to be occupied by Tenant.

II. PREMISES

The Landlord leases to the Tenant and the Tenant leases from the Landlord the property (Herein, the “Premises”) located at [Property.StreetAddress]. The Premises consist of approximately (insert size of property) of rentable space with (insert rooms of the property).

The Landlord and Tenant agree that the Premises are in good condition and fit for the use intended by the parties. The Landlord warrants no known damage to the building, which may cause any alterations or repairs necessary to correct such damage to be charged to the Tenant.

III. LEASE

The Landlord and the Tenant had entered into a lease agreement (Herein, the "Original Lease") for the premises described above on (insert date of the original lease agreement). The original lease expires on (insert date).

WHEREAS, the Original Lease was for a term of (insert number of years in the original lease agreement).

WHEREAS, both landlord and tenant have mutually agreed to further extend and amend the original lease as follows:

IV. RENEWAL TERMS AND CONDITIONS

  1. The original lease will be renewed for another (insert the number of months/years) starting on (insert date) and ending on (insert date) (herein, the "Renewal term"), with the same terms and conditions as the original lease except as modified herein.

  2. The tenant shall pay the landlord a monthly rent of (insert $amount) for every calendar month throughout the term of this Agreement.

If either party fails to comply with any terms and conditions contained herein and the original lease, such failure shall be deemed a breach of this Agreement and shall, at the request of either party, be subject to termination by giving written notice to the breaching party.

IN WITNESS WHEREOF, the parties have indicated their agreement to be bound by the terms and conditions of this Agreement by affixing their signatures below on the dates indicated.

​

Signature
MM / DD / YYYY

​

Signature
MM / DD / YYYY

​[Tenant.FirstName][Tenant.LastName]​

​[Tenant.Company]​

​[Landlord.FirstName][Landlord.LastName]​

​[Landlord.Company]​

Lease Renewal Agreement

Used 4,970 times

This Lease Renewal Agreement can be used to outline the conditions of a lease extension. The contract also specifies any adjustments to the rent or other terms of service that might follow the renewal.

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FAQ

  • You can begin by drafting the renewal lease agreement in a way that is similar to the original lease agreement. You should also include the term of the new lease and list its rent amount. Once you have done this, you can add any changes made during the negotiation process.

  • A renewal lease agreement should include the following:

    • The names of all parties, including any guarantors or sureties

    • The address of the property being rented and other identifying details

    • A description of the property, including its square footage and any improvements or alterations that have been made since the original lease was signed

    • The length of time that the lease is valid. You can include a condition that automatically renews the contract unless you or the tenant give proper notice of an intent to terminate the lease.

    • The amount of rent and any other fees that will be due, such as utilities or maintenance costs

    • Any additional clauses you want to include, such as a late fee, additional deposit if necessary, or policy changes.

    • Any additional clauses you want to include, such as a late fee, additional deposit if necessary, or policy changes.

  • A renewal agreement is a contract between two parties, usually a landlord and tenant, that extends the current lease for some time. The length of the extension depends on what was negotiated at the start of the original lease.

  • A renewal is not a new contract. A renewal is a contract that keeps the terms and conditions of an original contract in place for another term.

  • It is important to renew your lease contract because it helps ensure that you will continue being able to operate your business or use the property as long as you need it. Without this renewal process, you would have to find another location or terminate your agreement with the landlord altogether.

  • The number of times a lease contract can be renewed depends on the terms of the original lease agreement. In general, landlords can renew a lease as often as they want if tenants agree to it.

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