Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#1
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Need help on extending tenants lease
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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#2
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Not a lawyer I think you addressed all your concerns.I don't see an issue
__________________
Don't take life Too Serious ..It isn't permanent |
#3
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Quote:
Of course you could write up an Addendum but it's unnecessary especially since both you and your Tenants are "on the same page". |
#4
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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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Closed Thread |
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