Lease Renewal Agreement Extends the terms of an existing lease, specifying renewal options, rent adjustments, and any new terms.
1.1. Renewal Term
The Original Lease is hereby extended for a period of _______ months/years commencing on the __ day of ________, 20__ and ending on the __ day of _______, 20__ (the "Renewal Term"), unless sooner terminated in accordance with the terms of the Original Lease or this Agreement.
2.1. Rent Adjustment
Effective as of the commencement of the Renewal Term, the monthly rent payable by the Tenant to the Landlord for the Premises shall be adjusted to $____________. The Tenant shall continue to pay rent in accordance with the terms and conditions of the Original Lease, except as modified by this Agreement.
3.1. Additional Provisions
[If there are any new conditions, provisions or modifications, insert here; or state "None" if there are no changes.]
4.1. Compliance with Laws
The parties shall comply with all applicable federal, state, and local laws, rules, and regulations governing the leasing of the Premises.
5.1. Entire Agreement
This Agreement and the Original Lease, as modified herein, constitute the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior negotiations, understandings, and agreements, both written and oral, between the Parties.
5.2. Lease Terms
Except for those terms expressly modified herein, all other terms, provisions, and conditions of the Original Lease shall remain in full force and effect during the Renewal Term. In the case of any conflict between the provisions of the Original Lease and this Agreement, the terms of this Agreement shall control.
6.1. Multiple Counterparts
This Agreement may be executed in counterparts, each of which will be considered an original and together will constitute a single instrument.
6.2. Electronic Signatures
This Agreement may be executed by electronic means, and the parties agree that such electronic signatures shall have the same legal effect and enforceability as if executed with an original hand-written signature.
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In this Lease Renewal Agreement, you will see the following sections:
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