If you`re a Florida resident who`s coming close to the end of your current residential rental lease, you might be wondering what options are available to you. One option that many renters take advantage of is signing a lease extension agreement, which can extend the length of your lease for a set period of time.
A lease extension agreement is a legal contract between you and your landlord that keeps your current lease in place, while also adding on additional time to your rental period. This can be a great option if you`re happy with your current rental situation and don`t want to go through the hassle of finding a new place to live.
When signing a lease extension agreement, it`s important to carefully review all of the terms and conditions of the new agreement. This includes things like the new end date of the lease, any changes to the monthly rent amount, and any new policies or regulations that may be in place during the extended rental period.
Additionally, it`s a good idea to make sure that the lease extension agreement has been reviewed and approved by a lawyer or legal expert. This can help protect you in case any disputes or issues arise during the extended rental period.
As with any legal contract, it`s also important to keep a copy of the lease extension agreement in a safe place, and to keep a record of all rent payments and other important rental documents.
Overall, signing a lease extension agreement can be a great way to stay in your current rental property without the stress and hassle of finding a new place to live. Just make sure to carefully review all of the terms and conditions of the agreement, and to seek legal advice if necessary, to ensure that you`re protected throughout the extended rental period.