Allows you to extend the terms of your lease, with the same monthly payments.
Continuation of a lease agreement beyond the original term, often one month at a time. There may be a charge for extending the lease. If the extension continues beyond six months, new lease disclosures must be provided.
An option that allows a leasee to continue an existing lease. Lease extensions typically continue from month to month at the original monthly payment amount.
This is the continuation of a lease, beyond the original lease contract. Payments are continued on a month-by-month basis at the same sum negotiated at the beginning of the lease term.
The continuation of an existing lease, at the original monthly payment, usually on a month-by-month basis.
A lease that continues beyond its original expiration date. The conditions of the continuation may be set down in law or by negotiation between the parties to the lease.