Lease renewal agreement
This Lease Renewal Agreement (the “Renewal”) is made on [Date] between [Landlord legal name] (the “Landlord”) and [Tenant legal names] (the “Tenant”).
Background
The Landlord and the Tenant are parties to a lease dated [Original lease date] (together with any earlier amendments and renewals, the “Lease”) for the premises at [Premises address] (the “Premises”). The current term of the Lease ends on [Current end date]. The parties wish to renew the Lease on the terms below.
1. Renewal term
The Lease is renewed for a term starting on [Renewal start date] and ending on [Renewal end date] (the “Renewal Term”).
[For residential leases: where the law provides that a tenancy continues automatically after a fixed term, this Renewal does not reduce those rights.]
2. Rent
Starting on [Renewal start date], rent will be [New rent amount] [Currency] per [month / year], payable in the same way and on the same day as under the Lease, plus any additional rent or taxes the Lease requires.
The Landlord confirms that any rent increase in this Renewal complies with the notice periods, frequency limits and guideline or cap amounts that apply under the law where the Premises are located, and that any written notice of increase required by law has been given or is given by this Renewal.
3. Changes to the Lease
The following changes to the Lease apply during the Renewal Term: [Other changes, for example parking added at Amount per month; Landlord to replace carpet by Date; updated building rules attached]. If no changes are listed, none apply other than those in sections 1 and 2.
4. Deposit
Any deposit held by the Landlord under the Lease continues to be held under the same terms. [Where the law permits a last month's rent deposit to be topped up to the new rent, the Tenant will pay the difference of Amount on or before Renewal start date.] The Landlord will pay any interest on the deposit that the law requires.
5. Continuing terms
Except as changed by this Renewal, all terms of the Lease remain in full force and apply during the Renewal Term. References in the Lease to the term include the Renewal Term. If this Renewal conflicts with the Lease, this Renewal applies.
6. Confirmations
Each party confirms that, to its knowledge, the other is not in default under the Lease as of the date of this Renewal, except: [List any outstanding issues, or state none].
The Tenant confirms that the people living at the Premises are: [Names of occupants].
Any guarantor of the Lease, by signing below, confirms that their guarantee continues to apply to the Lease as renewed.
7. Law prevails
Where residential tenancy or commercial leasing law gives a party rights that cannot be waived, those rights apply despite anything in this Renewal.
8. Governing law and disputes
This Renewal is governed by the laws of [Province or state] and the federal laws of [Country] that apply there, without regard to conflict-of-laws rules that would apply the law of another place.
9. Notices
Any notice under this Renewal must be in writing and delivered by hand, by courier, by registered mail, or by email to the address shown in the signature block or another address given by notice.
A notice is received: when delivered, if delivered by hand or courier on a business day before 5:00 PM local time at the place of receipt, and otherwise on the next business day; on the fifth business day after mailing, if sent by registered mail; and when sent, if sent by email before 5:00 PM local time of the recipient on a business day with no automated message that it was not delivered, and otherwise on the next business day.
Routine operational communications may be sent by any reasonable means, but a notice of breach, termination or a claim must also be sent by a method listed above.
10. Entire agreement and general terms
Entire agreement. This Renewal, including any schedules and documents it expressly refers to, is the entire agreement about its subject matter and replaces all earlier discussions, proposals and agreements about that subject matter, whether written or oral.
Amendments and waivers. A change to this Renewal is effective only if it is in writing and signed by each party. A failure or delay in enforcing a right is not a waiver of it, and a waiver of one breach is not a waiver of any other breach.
Assignment. No party may assign this Renewal without the prior written consent of the others, which will not be unreasonably withheld, except that an organization may assign it without consent to a successor to all or substantially all of its relevant business or assets by giving written notice. This Renewal binds and benefits the parties and their permitted successors and assigns.
Severability. If any provision is found invalid or unenforceable, it will be limited or removed to the minimum extent necessary, and the rest of this Renewal stays in full force.
Interpretation. Headings are for convenience only. The words “including” and “includes” mean “including without limitation”. Amounts are in [Currency] unless stated otherwise. A reference to a law includes any amendment or replacement of it.
Language. The parties have expressly required that this Renewal and all related documents be drawn up in English. Les parties ont expressément exigé que la présente entente et tous les documents connexes soient rédigés en anglais.
11. Counterparts and electronic signatures
This Renewal may be signed in any number of counterparts, each of which is an original and all of which together form one document.
The parties agree that this Renewal may be signed and delivered electronically, including through an electronic signature service such as eSora Sign. An electronic signature, and a signed copy delivered by email or as a PDF, has the same legal effect as a handwritten signature on a paper original, to the extent permitted by applicable law, including the U.S. Electronic Signatures in Global and National Commerce Act (ESIGN) and the Uniform Electronic Transactions Act (UETA) as adopted in the relevant state, Part 2 of the Personal Information Protection and Electronic Documents Act (PIPEDA), and provincial electronic commerce legislation in Canada.
Each party consents to receive this Renewal and related notices electronically, and agrees that the electronic record of the signing process, including any certificate of completion and audit trail, may be used as evidence that this Renewal was signed and of when it was signed.
Signatures
By signing below, each signer confirms that they have read and agree to this Renewal and, where they sign for an organization, that they are authorized to bind it.
TENANT
Name: ______________________________
Signature: ______________________________
Date: ______________________________
Email for notices: ______________________________
LANDLORD
Organization: [Legal name of organization]
Name: ______________________________
Title: ______________________________
Signature: ______________________________
Date: ______________________________
Email for notices: ______________________________
GUARANTOR (IF ANY)
Name: ______________________________
Signature: ______________________________
Date: ______________________________
Email for notices: ______________________________