This Lease Extension Agreement (the "Agreement") is entered into on (the "Effective Date") by and between
, an individual having their usual place of living at (the "Landlord"), and
, an individual having their usual place of living at (the "Tenant"), collectively referred to as the "Parties" and individually as the "Party".
WHEREAS the Parties are satisfied with the cooperation and have a desire to further amend the Original Lease concluded by the Parties by extending its term;
NOW, THEREFORE, in consideration of the obligations set forth herein and other valuable considerations, the Parties have agreed as follows:
ORIGINAL LEASE
According to the signed between the Parties on (the "Original Lease"), the Tenant leases the located at (the "Premises"), from to . The Parties agreed that the Original Lease shall be extended and amended as follows.
The Original Lease shall be extended for a period of until (the "End Date").
The extension term is a period from the Effective Date to the End Date or the termination date.
The lease fee shall be per month. The Tenant agrees to pay the Landlord the above agreed-upon lease fee per month on the day of each month ("Due Date").
All payments will be made on or before the Due Date by cash.
All other terms and conditions of the Original Lease shall remain in full force and effect, except as herein modified.
This Agreement shall commence on the Effective Date and shall remain in effect until the End Date unless terminated earlier under the terms of this Agreement or the Original Lease.
Either Party has the right to terminate this Agreement without cause upon days prior written notice. In addition, either Party may terminate this Agreement immediately upon written notice to the other Party if the other Party becomes insolvent or files for bankruptcy.
Upon termination of this Agreement, the Tenant shall compensate the Landlord for all days of actual use of the Premises.
This Agreement makes an integral part of and is subject to all of the terms of the Original Lease unless otherwise agreed upon by the Parties to this Agreement.
AMENDMENTSThis Agreement may only be modified, or any rights under it waived, by a written document signed by both Parties.
BINDING EFFECTThis Agreement shall be binding for the Parties and their respective permitted successors and assigns.
IN WITNESS WHEREOF, the Parties have signed this Agreement as of the Effective Date.
THE LANDLORD
Address:
__________________________________ (Place for signature) |
THE TENANT
Address:
__________________________________ (Place for signature) |