Mississippi 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 Mississippi.

This packet includes:
1) Instructions and Checklist for the Lease Extension
2) Information about the Lease Extension
3) The Lease Extension Agreement (the โ€œAgreementโ€).

Among others, this form includes the following provisions:
โ€ข Extension Length
โ€ข Lease Payments
โ€ข Unaffected Obligations Under the Lease
โ€ข Binding Effect

Mississippi Lease Extension Agreement

Product Details

Product Mississippi 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 #20520
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 conditions.

To fill out a lease extension agreement, both parties should review the original lease terms and decide on the new extension period. The agreement should be completed with the necessary details, including the names of the parties, property address, and any modifications to the lease.

Yes, a lease extension agreement is legally binding once both parties sign it. It serves as a formal record of the agreement to extend the lease and should be adhered to by both the landlord and tenant.

Absolutely, both parties can negotiate the terms of the lease extension agreement. This may include changes to the rent amount, duration of the extension, or any other conditions that need to be addressed.

If the lease extension agreement is not signed, the original lease terms will still apply until the expiration date. After that, the tenant must vacate the property unless a new agreement is reached.

This lease extension agreement is specifically designed for residential leases in Mississippi. For commercial leases, a different form may be required to address the unique aspects of commercial rental agreements.

If you wish to terminate the lease rather than extend it, you should follow the termination procedures outlined in the original lease agreement. This typically involves providing written notice to the landlord within the specified timeframe.

While there are typically no fees specifically for extending a lease, landlords may choose to adjust the rent or require a fee for processing the extension. It's important to discuss any potential costs with the landlord before signing.

Is This Form Right For You?

Use This Form If:

  • Individuals who have a lease agreement set to expire may find themselves in a situation where they wish to continue residing in the property without signing a new lease. A lease extension agreement allows them to formalize their intent to stay while maintaining the original lease terms.
  • Landlords may encounter tenants who wish to extend their stay in a rental property. Rather than drafting a new lease, a lease extension agreement simplifies the process by extending the existing terms, ensuring both parties are clear on the new duration and obligations.
  • In cases where a tenant is unable to move out by the lease expiration date due to unforeseen circumstances, a lease extension agreement can provide a legal solution. This agreement allows the tenant to remain in the property while protecting the landlord's interests.
  • Property managers often deal with multiple tenants and may need a streamlined process for extending leases. Utilizing a lease extension agreement helps maintain consistency across properties and ensures that all extensions are documented properly.
  • When negotiating lease terms, both parties may prefer to avoid the complexities of a new lease. A lease extension agreement serves as a straightforward solution, allowing for the continuation of the rental relationship without the need for renegotiation.

Do Not Use If:

  • โ€“ This form is not appropriate if the landlord and tenant are not in agreement about extending the lease. Both parties must consent to the extension for the agreement to be valid.
  • โ€“ If the original lease has significant violations or issues, such as unpaid rent or property damage, it may be more prudent to address these concerns before considering a lease extension.
  • โ€“ In situations where a tenant is planning to vacate the property, a lease extension agreement is unnecessary and could complicate the move-out process.
  • โ€“ If the lease is set to expire and the landlord intends to make significant changes to the rental terms, such as a rent increase or new conditions, a new lease agreement may be more appropriate.
  • โ€“ This form should not be used if the property is being sold or if the landlord plans to change the use of the property, as these situations typically require different legal documentation.

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