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Lease Extension amendment Form: What You Should Know
A lease amendment is a change in the terms of a residential or commercial rental agreement such as the rental price, the length of a lease, and/or the rental term. A lease amendment can only be used with the consent of the Tenant. The landlord must provide the tenant with a new lease agreement or a new lease amendment. Why need a lease amendment? Lease amendments are used in several situations. Rental Agreement: To extend the contract with the landlord for an additional term of __________ months Lease (Rental Agreement): To lengthen the rental agreement from _____________ months to _______________ months or a combination of the two The lease amendment allows a landlord to increase a lease term to raise more revenue. It will also allow the landlord to increase a rental price and give the tenant better privacy and security. Generally the lease amendment will also let the landlord raise a rental price so the tenants' rent gets more expensive. The only exceptions are where the landlord is forced by economic conditions to increase rents to maintain the residential property market or to create a competitive market to generate income to invest in new rental properties. Additional Amenities: To allow more private space. Landlord's Additional Amenities: What is the landlord's Additional amenity? Additional amenity is a part of a lease agreement that improves, improves, provides, or facilitates a tenant's residential or commercial property. The Additional amenity is usually included in residential leases or rental agreements by law or custom. In general, any property improvement or service provided by a landlord to a tenant can be included in the lease agreement under an Additional Amenity. What is an Additional Amenity? What can I use an Additional Amenity for? All property improvements or services provided by landlords to tenants can be included in residential leases or rental agreements under an Additional Amenity. The definition of an Additional Amenity includes any of the following: Room size: The landlord provides additional private space (dining room, bathroom, living room, exercise room, etc.
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