Document background
The Lease Extension Agreement is a crucial document in South African property law, used when parties wish to continue their landlord-tenant relationship beyond the original lease term. This document type is particularly relevant when both parties are satisfied with their existing arrangement but need to formally extend its duration. It references the original lease agreement while specifying new end dates, potentially updated rental amounts, and any modified terms. The agreement must comply with South African legislation, including the Rental Housing Act for residential properties and common law for commercial leases. It's commonly used in both commercial and residential contexts, requiring careful consideration of current market conditions and legal requirements. The document typically includes details about the extended term, rental adjustments, and any new conditions while confirming the continuation of other original lease terms.
