BAD Advice to do Nothing
Your original idea is the correct approach. Depending on how your lease is constructed, you either change the title page, which has beginning and end dates, or write a simple addendum that indicates the lease is extended at the new or same rental rate with the new termination date. If you do not formally extend the lease, it actually gives the tenants more control of their occupancy. Take the ten minutes to formally extend, especially if your tenants are in agreement.
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