A Lease Extension Amendment is a formal document which serves to extend the validity of an existing lease. With this Amendment, both lessee and lessor are able to agree upon new terms which will supersede the original agreement. This may include changes in rent payment, subletting conditions, or other modifications that are necessary due to changing circumstances. By agreeing to a Lease Extension Amendment, both parties can ensure that their position is clear and that they can continue to benefit from their original terms while making any necessary adjustments.