General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 10 months ago,
Is using a lease addendum to extend a lease ok after expired term for a M2M Tenant?
Hi all, I usually just make a lease addendum when extending a lease, but due to the economic situation of a tenant the original lease term expired about 2 years ago and we have been month to month since then. Even though the original lease term expired there is a section stating that the lease will continue month to month as long as the tenant pays and I accept, which has been the case. Now the tenant is ready to extend the lease long term, so is it still fine to just make a simple addendum to the original lease instead of drafting an entire new one? This is a commercial lease by the way. Thanks in advance!