Are you a tenant looking to extend your stay in your leased property? Or a landlord seeking to offer your tenant an extension of their tenancy agreement? Whatever the case may be, it is important to properly document the extension with a written agreement. To help you out, here is a sample letter for extension of tenancy agreement.
[Date]
[Landlord/Tenant Name]
[Landlord/Tenant Address]
Dear [Landlord/Tenant Name],
I hope this letter finds you well. I am writing to inform you that I would like to extend our tenancy agreement that is set to expire on [Original Lease End Date]. I have enjoyed staying in the property and would appreciate the opportunity to stay for [Extension Period] with [New Lease End Date].
I understand that this extension is subject to the terms and conditions of our original tenancy agreement, and I am prepared to comply with all its provisions, including the payment of rent and other associated costs.
I would also like to express my interest in negotiating new terms for the lease. Specifically, I would like to propose the following changes [any specific changes].
I appreciate your consideration of this request and look forward to hearing back from you as soon as possible.
Sincerely,
[Your Name]
[Tenant/Landlord Signature]
It is crucial to have a written agreement whenever there is a change to a tenancy or lease agreement. With this sample letter for extension of tenancy agreement, you can have a clear and concise document that outlines the terms and conditions of the new lease period. Additionally, it makes it easier for both parties to keep track of their respective obligations during the extension period.
Remember to always consult with a legal expert to ensure that your lease agreement complies with your respective local laws and regulations. With a properly documented lease agreement, you can have peace of mind and avoid any unnecessary conflicts or misunderstandings in the future.