Get Free Lease Renewal Agreement Template Background. Lease renewals extend the term of an existing lease agreement between a landlord and tenant. A renewal is treated legally as an entirely new agreement where an extension is simply prolonging the end date of the original agreement.
Effective the 1st day of , this lease agreement is hereby renewed for a period not to exceed one year.
It's a good practice to mention whether you're keeping the same terms or making adjustments to the lease. Vertex42.com is not a law firm and does not provide legal advice or legal. If the tenant has the right to file for a renewal of the lease at the end of the lease agreement, those terms should be listed in the lease agreement. This rental property lease agreement is entered into by and between landlord (landlord) and tenant (tenants) as of the following effective.