Overview
This Ontario Extension of Lease form allows landlords and tenants to formally extend the lease on a rental property located in Ontario for an additional term. The form is available for download and is designed to provide a straightforward solution for continuing a rental relationship beyond the current lease period.
Agreement to Extend
Both the landlord and tenant mutually agree to extend the existing lease for a specific period, which will be determined and agreed upon at the conclusion of the current lease term. This ensures continuity of the rental arrangement while maintaining clarity and mutual consent.
Rental Rate
The rental payments for the extended lease period will be made at the rate agreed to by both parties. This rate must be clearly specified in the extension agreement to avoid any misunderstandings.
Continuity of Lease Provisions
All terms and conditions of the original lease agreement will continue to apply during the extended term, except for those that are specifically amended or updated by the parties in the extension form. This maintains consistency and legal clarity for both landlord and tenant.
Template Format
This extension form is a reusable legal template in MS Word format. You may download, save, and use it for multiple lease extensions, making it a practical tool for ongoing property rental management.
Jurisdiction
This form is intended for use exclusively in the Province of Ontario, Canada. It has been prepared to comply with Ontario’s specific legal requirements for residential lease extensions.