lease extension
Contract term lengthening
A lease extension is an agreement that lengthens the term of an existing lease beyond its original expiration date.
Tenants may negotiate a lease extension to avoid moving or to lock in current rental terms.
In property ownership, particularly British leasehold systems, a lease extension adds years to a diminishing lease: We paid £15,000 for a ninety-year lease extension on the flat.
- tenancyRenter's period of residence
- fixed termDuration with preset endpoint
- amendmentChange to official text
- addendumSupplementary text at end
- durationLength of existence
landlord · renewal · payment schedule · deposit · legal fees · deadline · holdover · negotiation · termination · tax implications · housing regulations · sublease · compliance · expiration date · clause · appraisal · market value · grace period
- extensionsadd-on, appendix, appendage, annex, supplement
- UK Propertyfreehold, estate agent, council house, terraced house, semi-detached
- leaseslessee, lessor, sublease, subletting, rental agreement
- leasingtenant, rent, landlord rights, landlord, rental
- property lawfreehold, deed, deeds, title, ownership
- delaysdelays, delay, delayed, postponement, postpone
lease extensionlease termination
Ending a rental agreement
eviction · moving out · lease expiration · vacating · notice to quit
lease extensionmoving out
Changing where you live
vacating · departure · relocation · leaving · moving away
lease, extension, leases, leased, leasing, leaseholder, leasehold, extensions, extend