A Lease Extension letter is given by the landlord to the tenant on the agreed extension of lease of a current property which is due to expire. This extension letter states the new period of lease from the old and soon-to-be expire period. This notification will allow the tenant to continue with the currently rented property. New terms and conditions to the lease may be included in this letter.
Fair Price Property Agency
655 Golden Avenue
Miami, FL 24322
February 12, 2011
Karen I. Lemon
2127 Cedar Street
Little Rock, AR 72212
Dear Ms. Lemon
RE: Lease Extension
Herewith this letter serves as an extension to the lease contract for the rented property as per the address above, currently occupied by your good self.
The lease for this said property is due to expire on February 18, 2011. As per our discussion on the lease extension, it is agreed by both parties that this lease contract is to be extended for another years with some changes in the terms and conditions, as stated below.
Extended lease period: February 18, 2011 – February 18, 2013
New Terms and Conditions:
1) Rental: $300 per week (from current $280 per week)
2) Termination Notice: 1 month (from the current 3 months)
All other terms and conditions remain as per the lease contract dated February 18, 2009.
Thank you for using Fair Price Property for your housing comfort.