Lease Renewal Agreement Template, Free Download 2026

This Lease Renewal Agreement (the "Renewal Agreement") is entered into as of [____________] by and between [____________] ("Landlord") and [____________] ("Tenant"), collectively referred to as the "Parties," with reference to that certain lease agreement dated [____________] (the "Original Lease") for the premises located at [____________] (the "Premises"). All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Original Lease.

Landlord and Tenant acknowledge that the Original Lease is currently in full force and effect and that neither party is in default of any obligation thereunder. The Parties desire to renew and extend the term of the Original Lease upon the terms and conditions set forth herein. Except as expressly modified by this Renewal Agreement, all terms, covenants, and conditions of the Original Lease shall remain in full force and effect and are hereby ratified and confirmed.

The term of the Original Lease is hereby renewed and extended for an additional period of [____________] (the "Renewal Term"), commencing on [____________] (the "Renewal Commencement Date") and expiring on [____________] (the "Renewal Expiration Date"), unless sooner terminated in accordance with the provisions of the Original Lease as modified herein. The Original Lease term and the Renewal Term shall collectively be referred to as the "Lease Term."

Upon expiration of the Renewal Term, this Lease shall terminate and Tenant shall surrender the Premises in accordance with the terms of the Original Lease, unless the Parties execute a subsequent written renewal agreement. Any holdover by Tenant after the Renewal Expiration Date without the express written consent of Landlord shall constitute a tenancy at sufferance at a monthly rental rate equal to one hundred fifty percent (150%) of the rent in effect during the last month of the Renewal Term, subject to all other terms of the Original Lease.

During the Renewal Term, Tenant shall pay to Landlord monthly rent in the amount of [$__________] (the "Renewal Rent"), payable in advance on the first day of each calendar month, without demand, deduction, or setoff, to Landlord at the address specified in the Original Lease or such other address as Landlord may designate in writing. The Renewal Rent reflects an adjustment of [____________] percent ([___]%) from the rent payable during the immediately preceding term, and supersedes any prior rent provisions for the duration of the Renewal Term.

All additional rent obligations set forth in the Original Lease, including but not limited to Tenant's share of operating expenses, real property taxes, insurance premiums, and common area maintenance charges, shall continue in full force and effect during the Renewal Term and shall be calculated and payable in accordance with the terms of the Original Lease. Late payment penalties and interest charges as set forth in the Original Lease shall apply to all rent and additional rent payable during the Renewal Term.

In addition to the rent modification set forth in Article 3, the following terms of the Original Lease are hereby modified for the Renewal Term: [____________]. All modifications set forth in this Section shall take effect on the Renewal Commencement Date and shall remain in effect for the duration of the Renewal Term. To the extent any provision of this Renewal Agreement conflicts with the Original Lease, this Renewal Agreement shall control.

All other terms, covenants, conditions, and provisions of the Original Lease that are not expressly modified by this Renewal Agreement shall continue in full force and effect during the Renewal Term as if fully set forth herein. Any prior amendments, addenda, or modifications to the Original Lease that were in effect immediately prior to the Renewal Commencement Date shall remain in full force and effect unless expressly superseded by this Renewal Agreement.

Landlord acknowledges that Landlord currently holds a security deposit in the amount of [$__________] pursuant to the Original Lease. The security deposit shall continue to be held by Landlord during the Renewal Term under the same terms and conditions as set forth in the Original Lease. If the Renewal Rent exceeds the rent payable under the Original Lease, Landlord may require Tenant to increase the security deposit to an amount equal to [____________] month(s) of Renewal Rent within [number] days of execution of this Renewal Agreement.

The security deposit, less any amounts lawfully retained by Landlord, shall be returned to Tenant within the time period prescribed by applicable state law following the expiration or earlier termination of the Renewal Term and Tenant's vacation and surrender of the Premises. Landlord's right to apply the security deposit for unpaid rent, damages, or other obligations shall be governed by the provisions of the Original Lease and applicable state landlord-tenant law.

Tenant acknowledges that Tenant is in possession of the Premises, is familiar with the condition thereof, and accepts the Premises in their current "as-is" condition for the Renewal Term without any representation or warranty by Landlord as to the condition, suitability, or fitness of the Premises for any particular purpose. Landlord shall have no obligation to make any improvements, alterations, or repairs to the Premises in connection with this Renewal Agreement, except as expressly set forth in Section 4.1 or as otherwise required by the Original Lease.

The Parties acknowledge that a joint inspection of the Premises was conducted on or about [____________] and that the condition of the Premises as of such date is documented in the inspection report attached hereto as Exhibit A. Tenant shall be responsible for restoring the Premises to the condition documented in the Original Lease's move-in inspection report, subject to reasonable wear and tear, upon expiration or earlier termination of the Renewal Term.

Each Party represents and warrants to the other that: (a) it has full power and authority to execute and deliver this Renewal Agreement and to perform its obligations hereunder; (b) the execution and delivery of this Renewal Agreement has been duly authorized by all necessary action; (c) this Renewal Agreement constitutes a legal, valid, and binding obligation enforceable against it in accordance with its terms; and (d) the execution and performance of this Renewal Agreement does not conflict with any other agreement, order, or obligation to which it is a party or by which it is bound.

Tenant represents and warrants that: (a) Tenant has not assigned the Original Lease or sublet any portion of the Premises; (b) no other person or entity has any right, title, or interest in the Original Lease other than as expressly set forth therein; and (c) Tenant has complied with all material obligations under the Original Lease. Landlord represents and warrants that Landlord has not conveyed, assigned, or encumbered Landlord's interest in the Original Lease or the Premises in a manner that would impair the validity or enforceability of this Renewal Agreement.

Any default under this Renewal Agreement shall constitute a default under the Original Lease, and the non-defaulting Party shall be entitled to exercise all rights and remedies available under the Original Lease, this Renewal Agreement, and applicable law. The default and remedy provisions of the Original Lease are hereby incorporated by reference and shall apply to the Renewal Term with the same force and effect as if fully set forth herein.

In the event Tenant fails to execute this Renewal Agreement and vacate the Premises by the expiration of the Original Lease term, Landlord shall be entitled to pursue all remedies available for holdover tenancy under applicable state law, including recovery of holdover rent, damages, and reasonable attorneys' fees. Nothing in this Renewal Agreement shall be construed to limit or waive any rights or remedies of either Party under the Original Lease.

This Renewal Agreement shall be governed by and construed in accordance with the laws of the state in which the Premises is located, without regard to its conflict-of-laws principles. Any dispute arising under this Renewal Agreement shall be subject to the dispute resolution provisions of the Original Lease, and the prevailing Party in any such dispute shall be entitled to recover its reasonable attorneys' fees and costs from the non-prevailing Party.

This Renewal Agreement, together with the Original Lease and all prior amendments thereto, constitutes the entire agreement between the Parties concerning the renewal of the Lease Term and supersedes all prior negotiations, representations, and agreements relating thereto. This Renewal Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. No amendment or modification of this Renewal Agreement shall be valid unless in writing and signed by both Parties.

All notices required or permitted under this Renewal Agreement shall be given in the manner prescribed by the Original Lease. If any provision of this Renewal Agreement is held invalid or unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect. The captions and headings used in this Renewal Agreement are for convenience of reference only and shall not affect the interpretation of any provision hereof.

This Renewal Agreement shall be binding upon and inure to the benefit of the Parties and their respective heirs, executors, administrators, legal representatives, successors, and permitted assigns. Time is of the essence with respect to all dates and time periods set forth in this Renewal Agreement. Each Party has had the opportunity to review this Renewal Agreement with legal counsel of its own choosing, and this Renewal Agreement shall not be construed against the drafter.