Lease Extension Agreement
(India)
This Packet Includes:
1. Instructions and Checklist
2. General Information
3. Lease Extension Agreement
Instructions and Checklist
Lease Extension Agreement
The Landlord and the Tenant must sign the Agreement.
The Landlord and Tenant must also initial the Agreement where
indicated.
Generally both the Landlord and the Tenant will each want an
original, signed copy of the Agreement. Therefore, if there is one Landlord
and one Tenant, two original Agreements should be executed (i.e. signed).
Laws vary from time to time. These forms are not intended and are
not a substitute for legal advice. These forms should only be a starting
point for you and should not be used or signed before first consulting with
a lawyer to ensure that it addresses your particular situation. A lawyer
should be consulted before negotiating any document with another party.
The purchase and use of these forms is subject to the “Disclaimers
and Terms of Use” found at www.findlegalforms.com
General Information
Lease Extension Agreement
Lease and rental agreements are typically made for a fixed term (e.g. one
year). In most cases, at the end of the lease term, the Landlord and
Tenant will either enter a new lease, or the Tenant will vacate the
premises. However, under certain circumstances, both the Landlord and
the Tenant may wish to extend the lease past the expiration of the lease
term but would rather not enter into an entirely new lease. In this case,
the Landlord and Tenant should enter a lease extension agreement. This
agreement is simply a written record of their agreement to extend the
lease term. By entering into this type of agreement, the parties can avoid
many future problems and misunderstandings surrounding the extension.
Before using the form you should always consult with your lawyer to
ensure that it addresses your specific situation.
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provide legal advice. The use of these materials is not a
substitute for legal advice. Only a lawyer can provide legal
advice. A lawyer should be consulted for all serious legal
matters. No Lawyer-Client relationship is created by use of these
materials.
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LEASE EXTENSION AGREEMENT
This Lease Extension Agreement (this “Extension”) is entered as of ____________________,
20____ by and between ________________________________________ (“Landlord”) and
_____________________ ________________________________________ (“Tenant”).
Landlord and Tenant may collectively be referred to as the “Parties.”
WHEREAS, Landlord and Tenant entered into a lease agreement dated
_________________ , 20__ regarding the property at
__________________________
____________________________________________________________ (the
“Premises”) for a term ending on ___________________________ (the “Lease”); and
WHEREAS, the Parties wish to extend the term of the Lease.
NOW, THEREFORE, the Parties hereby agree as follows:
EXTENSION: The Lease shall extend and continue for an additional term commencing on
_______________________, 20__ and terminating on _______________, 20___
(the “New Term”).
LEASE PAYMENTS: During the New Term, Tenant agrees to pay Landlord as rent for the
Premises the amount of Rupees _____________________ (Rs,________________)
each month, payable on the first day of each month of the New Term. If the New
Term ends on any day other than the last day of the month, the rent will be prorated
accordingly.
OBLIGATIONS UNDER THE LEASE: The Parties agree that all terms, conditions and
obligations of the Lease will remain in effect throughout the New Term except for those
provisions of the Lease that are directly contradicted by this Extension, in which event the
terms of this Extension shall control over the Lease.
SEVERABILITY: If any part or parts of this Extension shall be held unenforceable for any
reason, the remainder of this Extension shall continue in full force and effect. If
any provision of this Extension is deemed invalid or unenforceable by any court of
competent jurisdiction, and if limiting such provision would make the provision
valid, then such provision shall be deemed to be construed as so limited.
BINDING EFFECT: The covenants and conditions contained in this Extension shall apply
to and bind the parties and the heirs, legal representatives, successors and
permitted assigns of the Parties.
GOVERNING LAW: This Extension shall be governed by and construed in accordance with
the laws of India.
Lease Extension Agreement
Initials ______ / _______/ ______
IN WITNESS WHEREOF, the parties have caused this Extension to be executed the
day and year first above written.
LANDLORD: TENANT:
___________________________________ _________________________________
___________________________________ _________________________________
(Name) (Name)
___________________________________
(Position, if applicable)
Lease Extension Agreement
