is most commonly done using a short document which extends your existing lease, but leaves it much the same. When you’ve signed up and paid for your subscription, you can utilize your Sample Letter for Lease Extension - Relocation as often as you need or for as long as it remains active where you live. Name and information of the tenant and landlord. It would be good if you can visit the property for an inspection so that the deposited security amount will be refunded at the earliest. Make sure to include the reason and the duration of the extension. These are the “informal route” and the “formal” statutory route. Address of Landlord. Tenancy Services - Doing changes to an tenancy agreement. The property would be worth ~£435k in the current market with a long lease and ground rent is already £10 per annum if that helps at all. The letter supposed include: Your name, current address and contact. To request a lease extension, take a formal newsletter containing all which pertinent details your landlord needs on make a decision. The non-statutory route, or an informal lease extension, is available to leaseholders regardless of how long they have owned their property. Name and contact information for the property manager (or property owner) Date of the letter. Step 2: Decide on New Terms Determine the new rent amount, lease duration, and any other changes. The freeholder can also request all service charges and ground rent is paid. Informal Route; 3. If you’re in an informal extension for. To request a lease extension, submit one informal letter containing all the suitable details the landlord needs toward make a decision. Provided the tenant meets the elibibility criteria, they have a legal right to renew their lease (extend the number of years remaining). At about 60 years, the cost of extending the lease increases by about 1% of the value of the property each year – i. Template 12 - Letter by secretary of residents' association asking for information on tenants. 01/05/2023 MSHDA 2022 Annual Certification Year End Reporting Memorandum The deadline for submission of the 2022 Owner's Certification for all LIHTC, 1602, TCAP, HOME, NSP and HTF developments is March 1, 2023. Whilst negotiating an informal lease extension, the freeholder may attempt to increase ground rent or introduce additional charges as part of the agreement. Modify the sample letter language for warning mature to an PCS move. A lease is a legal document, so a lease extension note request should remain treated with the same rank of importance. Mold 1: Simple Lease Extension Letter. Taking the informal route has a number of advantages. This is the statutory lease extension allowance, but there may be occasions where the term can be less, and this will be dependent on whether we own the freehold of your home. An informal extension is meant to be a shorter-term option. Under this route, leaseholders can approach the freeholder in the first instance and ask whether they are interested in selling them the freehold. We looked at your payment records carefully and have found that you are already overdue on your account and it has been [ length of time] since your last payment. You will want to be sure that you have the right kind of lease renewal agreement document to keep your renters in your leased property for the long term if they wish. Currently, the lease is set to expire on [date]. DATE. Depending on your level of friendship, you may choose to use the word dear or another type of greeting. Also, your late fee will be [AMOUNT] for any rent paid after the [7th] of the month. Sub: Extension letter of notification for lease property Dear tenant, _____ (Write the name of the tenant here), Your lease agreement for the house property (Reference No: _____) will expire in 3 months. If you own a house and want to extend your lease, you will need to use the formal negotiation route. Put it in writers. Get in touch today on 0161 696 6187. Write the lease date and the names of the tenants who signed the lease. How to make an signature for the Voucher Extension Letter Form on iOS devices. A sample letter requesting reasonable accommodations / modifications and a sample support letter are at the end of this fact. Whilst negotiating an informal lease extension, the freeholder may attempt to increase ground rent or introduce additional charges as part of the agreement. The legal letter shall be delivered at least thirty (30) calendar days before the end of the following rental period. This will be determined as part of the process. As an outright leaseholder, you have two options to extend your lease: Option 1: Proceed ‘formally’ in accordance with the procedure laid down in the Leasehold Reform, Housing. Subject: Lease Extension (Relocation) Letter. In the first paragraph, it should clearly state that it is requesting an appeal for being denied the rent or lease of an apartment and give the apartment’s address. To require an rent extension, take a formal letter containing all the useful details your landlord my to take ampere decision. To request a lease extension, submit a informal letter containing select the pending item your landlord needs to manufacture adenine deciding. You can extend your lease without having to wait for the statutory 2 years. The notice period for terminating a lease will vary depending on the terms of the lease agreement. These documents can be helpful in your process of drafting a lease extension letter, but there are nuances to the different kinds of lease extensions. Look for Customizable Templates. Effectively what you are buying is the benefit of the lease contract rather than outright ownership of the property. Address of Landlord. Our offices are located in Brentford, Ealing, London Belgravia and Canterbury, all within easy reach by public transport. They offer an informal lease extension and you pay them £10,200. The first thing to do when writing a notice to your landlord is to read and understand the lease agreement that you signed when moving in. Read More. It can apply to either commercial or residential property. The terms and conditions of the contract are the same as the original contract. The document also includes an optional field for billing the overage directly to your tenant. Terminate the letter with a polite and professional sign-off. To [Recipient name] Dear, [Recipient name] This agreement is intended to clarify the rental terms of the unit [Unit name and number] given to the tenant [Tenant name]. Your custom letter template will instantly convert every form response into an easily. Date by which you need a decision, usually 10 days to two weeks. Our Letter of Intent for Contract Renewal, Application Letter for Certificate Renewal, and Landlord Lease Extension Letter Templates Are Perfect for. The statutory process requires serving notices, obtaining a valuation, and potentially going through the First-tier Tribunal (Property Chamber) if an agreement cannot be reached, which can take many months or even years. The duration of the lease will be 2 years. Thank you once again for your generosity. Urinalysis Authorization. The tenant was unable to pay at the proper period or the given time extension. You get a 90 year extension of the existing lease term. A lease is, essentially, a long tenancy, a right to occupy the flat for a number of years (usually 99 or 125 years), often subject to payment of an annual ground rent. Tribunal judge Nicholas Nicol rejected the claim of Mr Moskovitz and his appointed block manager Yaron Hazan, of Y and Y Management, that the anarchic situation at the Bridge Court car park, which endured for nine years, resulted from the behaviour of difficult leaseholders, their rental tenants or the supposedly downmarket nature of the. Download a template informal letter enquiring about lease extension of a flat, or to purchase the freehold of a house or flat If you are not able to agree a lease extension. PDF . Most share of freehold property owners will extend their lease by way of an informal lease extension, which means they will agree on the length, premium and terms of their lease extension with the other freeholders. The letter should include: Your name, current address and contact informationI suspect that's a statutory lease extension - and it's taken 7+ months because the leaseholder and freeholder are negotiating because they can't agree on a price. (Describe in your words). They can be contributed by sending to editor@armywriter. com. If the tenant moves out before that date, they might need to pay break lease costs. follows a formal timetable where you. Renew Employment Contract Extension, Employee Contract, Tenancy Contract, Landlord Tenant Agreement, or Rental Lease Contract with Template. You can agree a more favourable informal deal with your freeholder. It should be written in formal business style and sent by certified mail with a return request. This letter is to formally inform you that I will be terminating our rental agreement effective 1 st October 2020. Subject: Extension of maternity leave. A rental agreement must include specific details such as the periodic rent and the responsibilities of each party. I would. A rental and lease agreement is a document that outlines the arrangement between an owner of a property, known as the “landlord” or “lessor,” and someone who pays rent to occupy the property, known as the “tenant” or “lessee. Read More. Date the rent increase will go into effect. Ensuring that you take the steps needed to provide proper notice that you intend to end your lease will go a long way towards avoiding disputes. You do not have automatic renewal rights if: you’re a farm business tenant. Failure to give this notice may mean the lease converts into a month-to-month tenancy when it expires. You will find that like your original finance documents a formal extension will have a set monthly rental payment, an agreed-upon mileage allowance and be for a set period of time. This letter also contains the period of effectivity of the contract of agency between the principal and the agent. Renewal of Insurance Policy: To negotiate new terms and an extension for insurance. If you wish to obtain some free and impartial advice on your property, either email or call us on 020 7183 2578. Simply fill out our online contact form, send us an e-mail via contact@theleaseextensioncompany. Shared ownership lease extensions; Latest News The King's Speech 11:30am 7th November 2023. In addition, we’d recommend including a copy of the master lease agreement with the sublease, so the subtenant understands the rules and regulations for living in the apartment complex/rental unit, since they’ll be required to follow them. Ju ly 10, 2032. Carefully assess your situation, seek professional guidance, and choose the best option that aligns with your long-term. FirstName] [Lessor. Request a deposit of £250 or 10% of the offered premium, whichever is the greater. Our June 15 letter encouraged the Airports Division to reconsider the langua. We worked with many agencies, but never received such kind of results. Depending on the customs of a local real estate market, a lease non-renewal letter may also be known as a lease termination letter, a notice not to renew a lease, notice/intent to vacate, or non-renewal of lease letter. Dear Name of Landlord: This letter is a formal request to renew the lease on the property at the above address for another year. Using the sample lease extension letter the landlords while a template fork your informal announcement. Remember to be respectful, concise, and appreciative in your approach. The lease extension process starts by serving a Section 42 Notice on your competent landlord, with a financial offer. Step 2 – Give the Tenant a Rental Application Form to Fill Out. The letter should include: Your company, current address additionally contact informationAdvantages of the statutory procedure. TEMPLATE DOCUMENT. The cost of lease extensions varies considerably but the following table shows estimates of the costs. Step 1 – Inform the freeholder of your desire to extend the lease and that you will be pursuing the statutory route. Step 1: Reading your rental agreement. Below is an informal lease extension offer from the freeholder of this flat. 1. The advantages of choosing an informal route include: To qualify for a statutory lease extension, you must have owned the property for at least 2 years. A LEASE adviser can consider the terms of the lease to identify if possible what is part of the demised premises and what belongs to the landlord. However, I find myself unable to rejoin the office just yet. £20-£45. Once your surveyor has carried out a valuation, you should ask him to send a copy to your solicitors. Newest recent off June 12, 2023. The agreed terms usually differ in that the number of added years is less (than +90) and commonly the ground rent remains, or even increases. Free. This is the advised and most common route (as it's safer than an informal extension). In the full block style, this goes in the upper left-hand corner. Question 2. In this extension time, you have to pay extra $10 per month. , Washington, DC 20410 T: 202-708-1112Letter of Notification of Filming Sample. 8. February 17, from 6am. Insert the date of execution for the Room Rental Agreement. This includes instructing the valuation to establish the premium and the legal process. The Tenant and Landlord have agreed mutually to extend the term of the lease for [Time Period]. How to Write a Lease Extension Letter. It is easy to edit and is supported by Google Docs, Microsoft Word and Apple Pages. This letter should explain why you need the requested accommodation / modification because of your disability. To demand a let extension, submit a informal letter included all the german details your landlord needs to makes a decision. This notice also informs the landlord of the move-out date and where to send the security deposit. City, State, Zip Code. You can address the recipient by their name as well. Below is the sample letter for the extension of maternity leave (email format). I would like to amend that date to end on [new date]. Other terms may also change when a contract is extended (such as pricing). Currently, the lease is set to expire on [date]. Step 1: Review the Original Lease Check the original lease terms and conditions. Landlords Must. State the Purpose: Clearly state the purpose of your letter – that you are requesting an extension of time to complete a. 36 Best Lease Renewal Letters & Forms (Word & PDF) A lease renewal agreement is a necessary document if you are managing a property that you rent out. A rental and lease agreement is a document that outlines the arrangement between an owner of a property, known as the “landlord” or “lessor,” and someone who pays rent to occupy the property, known as the “tenant” or “lessee. 43 Best Lease Extension Addendum (+ Renewal Agreements) If you are looking to write a lease extension agreement, you might have looked at other lease extension addendums or lease extension forms. The main advantages of the informal lease extension are: Speed: the formal route requires a notice to be served on the freeholder and they are given up to 2 months to respond. In the small print of the lease is a tortuously worded clause stating that this will double every 10 years, so that in 35 years it will have soared to £128,000, and in 95 years it will be £8m. Benefit of the formal route is that it wipes out your ground rent and adds 90 years to the lease. To request a lease extension, submit a informal letter containing all who pertinent detailed your landowner needs to make one decision. This will frequently happen in accordance with the contract’s extension options. There is no obligation on the freeholder to respond or to agree to sell following this request. The letter should give the full name of the applicant and his or her contact details. Before you go down the statutory extension route asking the Landlord is I think an obvious and important first step. e. This agreement will tie you into an agreed period past your contract end date, normally for either 6, 9 or 12-months. The upfront costs involved in a lease extension will depend on the lease you currently hold and the procedure you wish to follow; Informal procedure: - Peabody administration fee: £250 inc. Formal Lease Extension – The Disadvantages. A "Formal Letter Lease Extension" is a written communication used to officially request an extension of an existing. e. The end date can be changed if the landlord and tenant agree. Fill in the blank with your full name. Once the lease falls below 80 years, the landlord is entitled to receive 50% of the increase in property value when an extension iss granted; this “Marriage Value” is what makes it. Writing a lease extension letter is an important step in extending the tenancy of a tenant in your property. The terms can renew each month if both the tenant or the landlord agree to keep it in place. Give your rental something in backIf possibility, submit your lease extension letter 30-60 days for your leases end date. Dear citizens of Noble Road, We are writing to notify you that the filming of a major motion picture entitled “The Holy Devil” will be taking place on the property located at 23, Noble Road, and the sidewalk immediately outside the house. Choose your language and complete the prompt. “Sample Lease Expiration and Renewal Letter” November 5, 1999. You may be willing to agree a joint instruction of one valuer who will provide. This could be based as a percentage. Reasons for extension; Dates by which you need a determination, mostly 10 days to two weeks; Putting your request in writing plus keeps ampere take shall any issues arise while the extension period. Yours sincerely, John Smith. The. Currently, the rent amount for this unit is $1025. City, State, Zip Code. Marriage value is the amount of extra value a lease extension would add to your property. Hannah Faith, Leasehold Immobilien Paralegal at Frettens, watch at the Informal Lease Extension anreise. CIF Turn-in Memorandum (. A letter of authorization is an agreement between the person, known as the principal, authorizing another, known as an agent, to perform certain functions or powers in order to perform the duties of the principal. There’s no “perfect” way to draft a rent increase letter, but it typically contains the following details: Date of the rent increase letter. The terms will include ground rent of £100 per annum (to double every 25 years). No such eligibility criteria apply for informal lease extensions. if the property is worth £250,000, the bill for extending the lease will go up about £2,500 a year. This means that the buyer will. Under this route, a leaseholder can approach the freeholder in the first instance and ask whether they are interested in selling them the freehold. I would like to amend that date to end on [new date]. Informal Letters: Resignation Letter: Informal Letter Format: How to Write: Cover Letter Sample: Recommendation Letter:. Amount of the current rent. £150-£220 per hour. you’re on fixed-term tenancy of 6. Recent case increases premiums. However, purchasers will expect to pay less for a property with a short lease compared to a property with a long lease, and may find it more difficult to obtain a mortgage on a property with a short leaseHere is a sample temperature can use to write an informal rental agreement letter. I would respectfully request that you not raise my rent of AMOUNT for the term of the. Once you have owned the flat for two years, you have the right to a lease extension. Once signed, the agreement is considered. half of the marriage value (£8,474 ÷ 2) = £4,237. Name of Landlord. ”. What is a Leave Extension Letter? Answer: A leave extension letter is a formal document that follows up on a previously approved leave application, often seeking an extension of the leave due to an unforeseen circumstance (such as a sudden illness). Financial trouble. It’s guaranteed. 3. This letter is a formal request to renew the existing lease on the property at the (full address) for another (Number of years) years. The late Louie Burns has written on the LKP website about the cheating played by freeholders with informal lease extensions. A neighbour in our block completed an informal lease extension. OR. Whether financial problems are due to losing your job due to the coronavirus outbreak or having unexpected medical bills from an accident, cheaper rent could give you some much-needed relief. These documents can be helpful in your process of drafting a lease extension letter, but there are nuances to the different kinds of lease extensions. This will usually be £1,000 to £2,000+VAT. Date the Increase takes effect. A lease is a legal document, so a lease extension note request should remain treated with the same rank of importance. On average it takes three months for completion to take place from the date you advise you wish to proceed following your premium offer letter (which. The letter should include: Your name, actual meet and ask informationLouie Burns, of Leasehold Solutions, has written on the LKP website about the cheating played by freeholders with informal lease extensions. The Leasehold Advisory. Dear (name of the landlord), This letter is being written to request you to extend the tenancy for one more year. ADENINE lease is a legal document, like a lease extension letter request should must treated at the same grade of importance. Download the form in the required file format. Increasing Rent When Renewing a Month-to-Month Lease. This is often referred to as a formal or statutory lease extension and is provided by the Leasehold Reform Housing and Urban Development Act 1993. co. If you have staircased to 100%, the normal statutory rules apply and you can extend formally. 2. Date the lease extension request is submitted. Effective [DATE] your monthly rent will increase by [AMOUNT]. Free. The original contract must be followed when making monthly payments. A rental lease agreement template usually includes information such as: Name and contact details of the rental property owner and tenant. Lease Termination. 9090 Old Church Way. Informal lease extensions don’t need to follow the same process. ( i) The lease shall have a twelve month term. , a fixed-term lease or a month-to-month lease. May 4, 2023 by Rahul Panchal. I can assure you that I will be able to pay the rent by November 20th, plus any late fees associated with this delinquent rent. My daughter is extending her lease at the moment. Step 1 – Inform the Freeholder of your wish to pursue an extension through the statutory route. The agreement remains active until either party gives proper notice to end it. • It is almost always necessary to instruct a solicitor to draft and serve the section 42 notice and negotiate the premium. co. A statutory lease extension allows a leaseholder to add 90 years onto the term remaining on their lease. Once signed, the agreement is. A lease the a legal document, so a lease extension newsletter request should be treated with the same level of importance. The lease expires on DATE and I would like to renew it until DATE. It is good practice to have this money readily available or even send it to your solicitor upon service of the s. To: k. Professional Lease Extension Template. Landlords usually can increase rent from one month to another on a month-to-month lease. I wish to offer now a chance to you to extend the time period for further 2 years. This is a basic lease renewal template that just gets your work done sufficiently and assists you in creating a clean letter to propose to your tenant regarding the extension of the lease along with the related details. Leave three to four lines blank below the “Sincerely. DATE. Under the contractual terms of your lease, this letter is to notify you that, 30 days after receipt of this notification, your monthly rent will increase by $100, resulting in a new monthly rent of $2100. Please confirm whether you are agreeable to negotiate the (extension of my lease/ purchase of the freehold) and, please set out the price and terms on which you prepared to do so. This gives your landlords enough notice so that when they seek of next tenants, they can set their move-in start for as you’ve formerly left. The property owner cannot rescreen you as a condition to sign this lease, as you have a right toA lease is a legal document, so a league enlargement schrift request should become treated with the similar level of importance. Denial of Request for Extension of Time letter – sample 2. The OP will be doing an informal lease extension with a Housing Association, and the price will probably be whatever the the RICS valuer values the lease extension at. 2. This form contains the validity of the rental period means a tenant is taking the house for rent for how much. In the best case scenario, a formal extension will set you back £1,000s, but where your lease is less than 80 years – or even just nearing 80 years – the cost could easily spiral into the £10,000s. There is more information on formal negotiations below. So, if your current contract is for three years, the maximum length of your formal extension will be two years (24 months). Please note lease extension valuations range from £500. 1. There is more information on formal negotiations below. This is sent at the end of the lease period and should include instructions on where to send the security deposit. The format of the acknowledgment letter for project must include the name and address of the sender. com or call us for free on 0800 030 6908. DOC Create Document. £900 (estimated) Solicitor fees (for freeholder) £1200 – £3000 (estimated) Surveyor negotiation costs. Even on a month-to-month lease, you have to stop the automatic renewal with a termination notice. Book an Appointment Today. To request a lease extension, submit a informal letter containing all who pertinent detailed your landowner needs to make one decision. Date the tenant must vacate property if they do not agree to increase. File Format. A lease is a legal document, so a lease extension newsletter request should be treated with the similar level of importance. Extension costs and added value from Homehold, based on Upper Tribunal guidance. • advantage Tenant – can take time to find funds. A rental and lease agreement is a document that outlines the arrangement between an owner of a property, known as the “landlord” or “lessor,” and someone who pays rent to occupy the property, known as the “tenant” or “lessee. Follow these steps to craft a convincing and considerate message: Address the Relevant Party: Begin your letter by addressing the appropriate individual or department. As experienced leasehold solicitors, our team of lease extension lawyers can help you through the entire process of extending your lease. In commercial property rentals, a lease extension agreement allows the business to remain in operation on the property after the original assignment of lease . For example, if you have 70 years now, you’ll have 160 years. Wesley, etc. Lease Extension Request for [Rental Address] Dear [Landlord's Name], Please accept this letter as a formal request for an extension to the lease for [Property Address]. Online ID Fee Per Person – £8. In consideration for this extension to the term of the lease, the. Latest Compliance Form Updates. Sample Lease Renewal Letter. You will often see lease extension agreements extend to a month-to-month basis. No need to create a letter from scratch — simply use Jotform Sign’s ready-made Early Lease. Opportunity Home will not approve an extension for a voucher unless the initial term of the voucher will expire before the receiving PHA issues a voucher to the family, the family. Go through the letter and understand everything that is contained within it. Kindly make provision for the increment. Peter Barry’s Chartered Surveyors are very experienced in both informal and formal lease extensions, and cover the London M25 area from 6 strategically located offices. Your comments about the seller starting the process, and/or waiting 2 years relate to a. To request a tenancy extension, submit a informal letter containing all which relevant details your landlord. If the deceased was a qualifying tenant under the law, you would have the right to extend the lease within two years of the grant of probate or letters of administration. 2. Dear Name of Lender: This email is a formal request to have a five-month extension on my car loan. Statutory Route Lease Extensions The statutory lease extension process. To: lender@bank. The formal extension includes a revised mileage agreement and monthly rental fees charged based on the expected vehicle depreciation. Express gratitude for the. I would like to amend that date to end on [new date]. An accurate current mileage at the time of the request. Frank will pay $600/- per month as the rent of the apartment. The Leasehold Reform (Ground Rent) Act 2022 comes into force on 30 June 2022, which means ground rent changes and also lease extension changes, Brady Solicitors explains the impact below. It is important to extend the lease as soon as possible, as the cost of the premium is significantly. For informal applications received after 1 September 2021, we'll extend your lease where possible to a new 990-year term. A Georgia 60 Day Notice to Vacate is lease termination letter written to terminate a month-to-month lease. If you are not able to agree a lease extension with your landlord, you would need to go down the statutory route that is the subject of this guide. Include the phrase “lease renewal email to landlord” in the subject line to make the purpose clear. This applies where the customer has owned 100% of the leasehold interest in the property for at least 2 years. 1. Up request a lease extension, offer a formal letter containing all the appropriate view your landlord needs to make a deciding. Include the address and date. The actual time it takes to extend your. A typical lease extension process would involve the following: Instruct a surveyor to carry out a lease extension valuation on your property, this will normally set out a fair and reasonable premium for a lease extension. Aug 31, 2021. If you haven't you will have to follow the informal process with rules set by your individual housing association, so you may want to staircase first. Key Takeaways. PDF. A lease is a legal document, so adenine lease extension letter request should be treated with the same level the importance. The total mileage you require (the total mileage for your current contract plus the mileage you need for the. 3. Send your written request and support letter. Request Letter to Bank for Converting Savings Account to Salary Account – Letter to Bank Manager for Convert Salary Account. Contract Extension Letter: 4 Templates. Feb 4, 2020. won’t allow the freeholder to introduce new fees or charges into your lease. However, in reality most lease extensions go through at some point fairly soon after the formal process has started. A contract extension often refers to the continuation of an existing contract for a certain amount of time. Unlike a lease renewal agreement, which is a new lease agreement, a lease extension agreement is a continuation of the original lease without interruption. The family must request PHA approval to add any other family member as an occupant of the unit; ( vi) HUD's regulations in 24 CFR part 5, subpart L (Protection for Victims of Domestic Violence, Dating Violence, Sexual Assault, or Stalking) apply. Ref: Lease agreement, 10/08/2020. Complete uploads through the Compliance Portal (Production) link available on the Online Systems. Formal. While lease renewals and lease extensions are similar in many ways, landlords often use the lease extension when they want to keep a tenant in a property for just a few months after the original lease expires. The lease expires on DATE and I would like to renew it until DATE. The type of lease — e. [Name, Company Name & Address here] [Date] Dear [name], First of all, I would like to thank you for your services to our company. This addendum may be used to extend an expiring lease in order to keep a tenant that is renting commercial or residential property. The cost of serving a Section 42 Notice is around £220, which constitutes a small cost saving if you conclude an informal. Start with a formal salutation (e. TEMPLATE DOCUMENT . Provide a Reason. The lease term, or period of time the rental contract is in force. In order to avoid any likely confusion, mention the duration of such leave with start and end dates. In request a lease extension, submit a formal letter containing all the pertinent details your owners needed to make adenine decision. August 22, 2022 July 14, 2021. Statutory lease extension. Dear [Recipient Name], The purpose of this letter is the Extension of the Lease agreement between [Tenant] and [Landlord] for the [Property Name] located at [Address]. Sample Lease Extension Agreement. The letter should include: Your name, modern speech and contact informationThe formal lease extension process takes time. Download.