The agreement is entered into by the Lessor and Lessee to extend the present agreement
for the next period along with the changes if required in the agreement. This agreement
executes a fresh lease between the parties. New conditions can be added in the lease
renewal agreement. This agreement provides lessee an opportunity to negotiate the terms
and clauses in the existing agreement and also helps in avoiding any future conflicts.
To make the agreement legally enforceable, it should be printed on a non judicial
stamp paper and signed by both the parties. In case the period of the agreement
exceeds 11 months, it should be registered at the sub registrar office.
Use this agreement if:
1.You as a lessee wish to renew the lease before it expires.
2.You as a lessor would like to renew the lease agreement.
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