Quote:
Originally Posted by msendo
Our tenants one year lease is soon coming to an end. They would like to extend it an additional six months, which is agreeable to us, since we need more time before we can make our move. Can we just add an addendum to the existing lease, where both parties can sign it? With the exception of the extended dates, we would like to keep all the terms the same. Any help would be appreciated.
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You need to do nothing. Extending the lease without a new Agreement turns the expired Agreement into a month to month term. Just make sure that you advise the Tenants IN WRITING at least 30 days before you terminate their occupancy.
Of course you could write up an Addendum but it's unnecessary especially since both you and your Tenants are "on the same page".