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Maine Lease Extension Agreement

Bahman Eslamboly

Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms

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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 Maine.

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

Maine Lease Extension Agreement

Product Details

Product Maine Lease Extension Agreement
Country United States
Pages 4
Dimensions Designed for Letter Size (8.5" x 11")
Printer compatibility Designed to print on all ink-jet and laser printers
Editable Yes (.doc, .wpd and .rtf)
Format Microsoft Word
Adobe PDF
WordPerfect
Rich Text Format
Platform Windows Compatible
Mac Compatible
Linux Compatible
Availability In Stock. Instant Download
Usage Unlimited number of prints
Category Lease Extension Agreements (English)
Product number #20515
Download time Less than 1 minute (approx.)
Document Access Via secret online address
Email with download links
Email with attachment upon request
Refund Policy 60 days, no-questions asked, 100% money back guarantee

Frequently Asked Questions

A lease extension agreement is a legal document that allows a landlord and tenant to extend the duration of an existing lease without creating a new lease. It outlines the terms of the extension, including any changes to rent or lease conditions.

To fill out a lease extension agreement, both parties should review the original lease terms and decide on the new duration and any adjustments to rent or other conditions. The agreement should then be signed by both the landlord and tenant to make it legally binding.

Yes, once signed by both parties, a lease extension agreement is legally binding. It serves as a formal record of the agreement to extend the lease and the terms agreed upon.

Yes, a lease extension agreement can include changes to the lease terms, such as rent adjustments or modifications to other conditions. Both parties must agree to these changes for them to be valid.

If a lease extension agreement is not used, the lease may automatically terminate at the end of the original term, which could lead to misunderstandings or disputes about the tenant's right to remain in the property. It's advisable to formalize any extensions to avoid such issues.

Is This Form Right For You?

Use This Form If:

  • Individuals who are currently renting a property in Maine may find themselves in a situation where they wish to continue their tenancy beyond the original lease term. By using a lease extension agreement, both the landlord and tenant can formalize their intent to extend the lease without the need for a new contract, ensuring clarity and legal protection.
  • Situations requiring a lease extension often arise when tenants need more time to find a new home or when landlords want to retain reliable tenants. This agreement allows both parties to agree on new terms, such as rent adjustments or duration, while maintaining the original lease's conditions.
  • For those managing rental properties, a lease extension agreement can be a valuable tool to avoid the hassle of drafting a new lease. When both parties are satisfied with the current arrangement, this agreement streamlines the process, saving time and resources.
  • Landlords may also use this form to extend leases with tenants who have been consistently reliable and timely with payments. This not only secures continued occupancy but also fosters a positive landlord-tenant relationship by demonstrating flexibility and understanding.
  • In cases where tenants are uncertain about their future plans but wish to avoid the disruption of moving, a lease extension can provide peace of mind. This document allows them to stay in their current residence while they finalize their next steps.

Do Not Use If:

  • – This form is not appropriate if the landlord and tenant wish to make significant changes to the lease terms that would require a new lease agreement. In such cases, a new lease should be drafted to reflect the updated conditions.
  • – If the tenant has a history of late payments or lease violations, a lease extension may not be advisable. Landlords may want to consider other options, such as non-renewal or eviction, rather than extending the lease.
  • – In situations where the property is being sold or undergoing major renovations, a lease extension may not be suitable. The landlord should communicate any changes in property status to the tenant before considering an extension.
  • – If the tenant is uncertain about their plans and may vacate the property soon, extending the lease may not be beneficial. Both parties should assess the tenant's intentions before committing to an extension.
  • – This form should not be used if either party is under duress or if there is a lack of mutual agreement on the terms of the extension. A lease extension should only be executed when both parties are fully in agreement.

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