British Columbia Extension of Residential Lease

Overview

This template is designed to facilitate the extension of a tenant's lease on a residential rental property located in British Columbia. It provides a clear and straightforward approach for both landlords and tenants to agree on an extended lease period.

Agreement to Extend Lease Term

Both the landlord and the tenant mutually agree to extend the term of the existing lease for the specific duration outlined in the extension agreement. This ensures continuity of the tenancy under the terms set forth in the original lease and the extension.

Monthly Rental Rate

The extended lease will continue with a monthly rental rate, as specified in the agreement. This arrangement maintains the payment structure previously established between the parties.

Original Lease Provisions Still in Effect

All provisions of the original lease that have not been expressly amended by the parties during the extension process will remain in full force and effect. This protects the rights and responsibilities of both landlord and tenant as originally agreed upon.

Intended Use

This form is intended exclusively for residential leases. If the property is used for business purposes, users should refer to the "Renewal and Extension of Commercial Lease" form, which is specifically tailored for commercial tenancy agreements.

Template Format

The template is provided in an editable MS Word format, making it easy for users to customize and complete as needed for their specific situation.

Jurisdiction

This template is intended for use only within the Province of British Columbia, Canada. Users should ensure compliance with local laws and regulations when utilizing the form.