Lease Extension Draft

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LEASE EXTENSION AGREEMENT


 
THIS EXTENSION AGREEMENT (hereinafter "Agreement") is entered into, this ___________ 0, 0 by and between:
 
The Lessor:
 
_________________ of _________________
_________________,
_________________
 
(Hereinafter "Landlord")

 
and the Lessees:

 
_________________ of
_________________,
_________________
 
(Hereinafter "Tenants")
 
In regards to the Property:
 
_________________
_________________, _________________
_________________
 
(Hereinafter "")
 
The Landlord and Tenants do hereby agree to abide by the terms set out in this Agreement. The terms of this Agreement are as follows:
 
  1. PRIOR LEASE
    A lease agreement for the has been signed and executed by the parties on , (hereinafter "The Lease"). The terms of The Lease commenced on ___________ ____, _____ and terminate on ____, _____.
     
  2. LEASE EXTENSION
    The parties hereby agree to extend and continue the aforementioned Lease Agreement for an additional term, commencing on , and expiring on the .
     
    Payments shall be made at: _________________, _________________ , _________________, or at such other place as the Landlord and Tenants agree upon.
     
  3. AMENDMENT OF AGREEMENT
    Any amendment or modification of this Agreement or additional obligation assumed by either party in connection with this Agreement will only be binding if evidenced in writing signed by both parties.
     
  4. ENTIRE AGREEMENT
    This Agreement constitutes the entire agreement between the parties and supercedes any prior written or oral covenants or representations relating thereto and not set forth herein shall be binding on either party hereto. This Agreement may not be amended, modified, extended, or supplemented except by written instrument executed by the Landlord and Tenants. The Landlord has made no representation or warranty to Tenants except as herein expressly set forth.
     
  5. SEVERABILITY
    Should any conflicts arise between any party of this Agreement and the applicable legislation of the State of _________________, the State Laws will prevail and such provisions of the Agreement will be amended or deleted as necessary in order to comply with the State Laws. Furthermore, any provisions that are required by State Laws may be subsequently incorporated into this Agreement.
     
  6. HEADINGS
    Headings are inserted for the convenience of the parties only and are not to be considered when interpreting this Agreement.
     
  7. GOVERNING LAW
    This Agreement shall be governed and construed in accordance with the laws of the State of _________________.
     
  8. ADDITIONAL PROVISIONS
    1
     
The parties hereby indicate by their signatures below that they have read and agree with the terms and conditions of this Agreement in its entirety.
 
Landlord:
 
Signature: ________________________________________
 
 
Print: ________________________________________		Tenant:
 
Signature: ________________________________________
 
 
Print: ________________________________________

 
Dated: ___________ 0, 0.