FAQ
Should I include a clause about future rent increases in the lease extension addendum if my original lease doesn’t have one?
It’s wise to clarify whether future rent adjustments are allowed and under what terms in the extension. Since this is a starting point, consider adding a line like ‘Rent shall remain at the current rate unless otherwise agreed in writing by both parties’ to avoid ambiguity. Consulting a real estate attorney can help ensure this aligns with local laws and your intentions.
What happens if the tenant or landlord wants to negotiate changes after the addendum is drafted but before it’s signed?
The addendum is a flexible document, so you can edit the Word file to reflect agreed-upon changes before finalizing. If significant revisions are needed, save a copy with version notes (e.g., ‘Draft_v2’) to track updates. Always ensure both parties review and approve the latest version to prevent misunderstandings.
Do I need to re-state all the terms from the original lease in the extension, or can I reference it instead?
You can—and should—reference the original lease to avoid redundancy. For example, include language like ‘All terms not explicitly modified in this addendum shall remain as stated in the original lease dated [date].’ This keeps the document concise while ensuring clarity. Always double-check that the referenced lease is easily accessible to all parties.
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