Document background
The Lease Extension Amendment is utilized when parties to an existing lease agreement wish to extend their landlord-tenant relationship beyond the original lease term. This document type is commonly used across Canadian jurisdictions for both commercial and residential properties when the original lease is approaching its expiration date and both parties agree to continue their relationship. The amendment typically specifies the new lease termination date, any adjustments to rent, and confirms the continuation of other original lease terms. It's particularly valuable in commercial contexts where the cost and complexity of negotiating an entirely new lease would be prohibitive. The document must comply with provincial property laws and may require registration with local land registry offices, especially for commercial properties or longer-term extensions.
