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South Dakota 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 South Dakota.

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

South Dakota Lease Extension Agreement

Product Details

Product South Dakota 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 #20537
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 tenant and landlord 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.

You should use a lease extension agreement when both the landlord and tenant agree to continue the tenancy beyond the original lease term. This document helps clarify the terms of the extension and prevents misunderstandings.

Yes, you can modify certain terms in the lease extension agreement, such as the rental amount or duration. However, both parties must agree to these changes for them to be valid.

Yes, once signed by both parties, a lease extension agreement is legally binding. It creates enforceable obligations for both the landlord and tenant.

If a lease extension is not signed and the original lease term expires, the tenant may be required to vacate the property. Alternatively, the tenant may become a month-to-month tenant, depending on local laws and the original lease terms.

Is This Form Right For You?

Use This Form If:

  • Individuals who are currently renting a property and wish to extend their lease without entering into a new agreement can utilize this form. This allows them to maintain their current rental terms while ensuring that both parties are clear on the extension.
  • Situations requiring a lease extension often arise when tenants need more time in their rental property due to unforeseen circumstances, such as job relocations or family matters. This agreement provides a straightforward way to formalize the extension of the lease term.
  • For those managing rental properties, having a lease extension agreement can simplify the process of retaining good tenants. By extending the lease, landlords can avoid the costs and uncertainties associated with finding new tenants.
  • Real estate agents may find this form useful when assisting clients who wish to extend their lease. It serves as a professional tool to ensure that all parties understand their rights and obligations during the extension period.
  • Landlords looking to maintain a good relationship with their tenants can use this agreement to extend leases amicably. This helps prevent misunderstandings and promotes a cooperative living environment.

Do Not Use If:

  • – This form is not appropriate if the landlord and tenant are unable to agree on the terms of the extension. In such cases, it may be necessary to negotiate or draft a new lease agreement.
  • – If the original lease has significant violations or issues, such as non-payment of rent or property damage, it would be inadvisable to extend the lease without addressing these problems first.
  • – In situations where the landlord intends to sell the property or make significant renovations, a lease extension may not be suitable, as the new owner or changes may not align with the existing lease terms.
  • – This form should not be used if the tenant has expressed an intention to vacate the property. In such cases, a formal move-out process should be initiated instead of extending the lease.
  • – If the lease is set to expire and the landlord wishes to increase the rent significantly, it may be better to negotiate a new lease rather than extend the current one.

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