Residential or Rental Lease Extension Agreement Ohio Form
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People also ask
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Is an extension the same as a new lease?
A lease renewal creates an entirely new rental lease agreement. It could come with new terms, including increased rent. An extension only adds more time to the current agreement. Renewing a lease involves a legal instant in time.
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What is the lease term extension clause?
To exercise the Extension Option, Tenant must give Landlord unequivocal written notice of Tenant's election to exercise the Extension Option at least ten (10) calendar months (but not earlier than twelve (12) calendar months) prior to the Expiration Date. Option to Extend Lease Term.
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Does a landlord have to renew a lease in Ohio?
In Ohio, landlords have the right to refuse to renew a lease at the end of its term. However, there are certain legal considerations that landlords must abide by, and they cannot refuse to renew a lease for discriminatory or retaliatory reasons.
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What is the lease extension addendum in Ohio?
A lease extension addendum is a legal document used to extend a lease, typically between a landlord and tenant. It can modify certain lease conditions like rent, security deposit, and utilities, but the rest of the original lease terms remain unchanged.
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