Notice
The information provided serves solely as a general illustration related to agreements for extending rental terms. It is not legal advice and should not replace consulting a qualified attorney experienced in real estate and contract law. Regulations and requirements may differ by jurisdiction, and appropriate adjustments should be made to ensure compliance with local laws. The use of this example is at the user’s own risk, and we accept no liability for any errors, omissions, or outcomes resulting from its use without professional legal review.
Please note: This is a sample Lease Renewal Agreement template for illustrative purposes only. Actual terms may vary based on specific agreements and applicable laws.
Lease Renewal Agreement Sample
Parties:
Landlord: XYZ Property Management LLC
Address: 123 Main Street, Springfield, IL 62704
Tenant: John A. Doe
Address: 456 Elm Street, Springfield, IL 62704
Property:
The leased premises located at 456 Elm Street, Springfield, IL 62704, as originally described in the initial lease agreement, to be renewed under the terms herein.
Renewal Terms:
The landlord agrees to renew the lease for an additional period of 12 months, beginning on ____________ and ending on ____________, under the same terms and conditions unless otherwise specified in this agreement.
Renewed Rent:
The monthly rent shall be $____________, payable on the first day of each month, starting from ____________.
Responsibilities:
Tenant agrees to continue complying with all obligations under the original lease, including payment of rent and maintenance of the premises. Landlord shall ensure the property remains in habitable condition.
Governing Law:
This agreement shall be governed by the laws of the State of Illinois. Disputes shall be resolved within the jurisdiction of the Springfield courts.
Additional Provisions:
- Both parties agree to sign this renewal agreement to confirm the extension of the lease.
- Any modifications to this agreement must be in writing and signed by both parties.
- Security deposit terms remain as per the original lease agreement unless otherwise amended herein.
Springfield, ______________________
John A. Doe (Tenant)
XYZ Property Management LLC (Landlord)
