LEASE
EXTENSION
This Lease Extension
Agreement (hereinafter referred to as "Lease Extension") is
made and entered into on [date] by and between [s-Name] (hereinafter
referred to as "Landlord") and [r-Name] (hereinafter
referred to as “Tenant,” whether one or more, and each agreeing
to be bound by and held jointly and severally liable under the terms
and conditions of this Lease Extension).
In consideration of the
covenants and obligations contained herein and of other good and
valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties agree as follows:
1. PRIOR LEASE:
The parties executed a Lease Agreement dated [date] (hereinafter
“Lease Agreement”) with a term of lease commencing on [date], and
which expires on [date].
All terms, conditions, and provisions of said Lease Agreement are
hereby incorporated by reference or by attachment.
2. EXTENSION OF PRIOR
LEASE TERM: The parties
hereby agree to extend and continue the aforementioned Lease
Agreement for an additional term, commencing on [date], and expiring
on [date].
3. REVISED RENT
PAYMENTS: The rent shall be
payable in equal monthly installments of [s-CheckAmount], payable on
the [number] day of each month of the term. The first full rent
payment under this Lease Extension is due on [date].
4. PRORATED RENT.
[choose one:]
______Not applicable, or ______Tenant agrees to pay a prorated sum in
the amount of [s-CheckAmount] as rent to cover the period from the
commencement of this Lease Extension until the [number] day of the
following month. This prorated rent shall be due at the
execution of this Lease Extension. Payment of rent, non-payment
of rent, and default for late payment of rent shall be governed in
accordance with the terms and conditions of the previous Lease
Agreement, as incorporated above by reference or attachment.
LANDLORD (“LANDLORD”):
Sign: _________________________ Print: ______________________ Date: [l-Date] ______________
TENANT (“TENANT”):
Sign: _________________________ Print: ______________________ Date: [l-Date] ______________
