A Lease Extension Agreement is a legal document outlining the terms and conditions between two parties for the extension of an existing lease. It covers details such as the length of the extension, the amount and type of rent due, changes to any existing provisions in the tenancy agreement, and other important clauses that both parties should be aware of. The document provides security and finality to both parties, ensuring a smooth transition for all involved in the process. It’s important to read through your Lease Extension Agreement carefully before signing it, to ensure you are happy with all aspects of the agreement.