Oregon Lease Extension Agreement
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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.
This form can be used in Oregon.
This packet includes:
1) Instructions and Checklist for the Lease Extension
2) Information about the Lease Extension
3) The Lease Extension Agreement (the “Agreement”).
Among others, this form includes the following provisions:
• Extension Length
• Lease Payments
• Unaffected Obligations Under the Lease
• Binding Effect
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