when due to some circumstances regular monthly or annually payment late, than lease extension agreement use for keep trust at both end. Although this is right of owner, either he will approve extention in land, commercial area, resident and other or not. MS word template usually been use in printable form for documentations.
Terms of lease, name of tenant and landloard with agreed prior date to next lease, payable month, extension date and reason shall be submit in this agreement. Date is the most important factor, so keep open your eyes during the contract presence of third party agent.
Checklist of Lease Extension Agreement
All particular terms and condition shall be same as original lease of land, residence area or other, if changes must made in extension agreement, than after concerning both of parties original document will be change accordingly.