Extension of Residential Lease is the process of renewing a lease with a tenant after its initial expiration date. This agreement between the landlord and the tenant allows the tenant to remain in the rented premises for an additional period of time on updated terms and conditions. It helps both parties avoid disruption or eviction proceedings, while also allowing the landlord to update their rental rate. Extension of residential lease can provide tenants with an extra layer of security and peace of mind that they won’t have to move suddenly or look for other housing options.