Lease Agreement Addendum Holdover Tenancy

Lessee will continue possession of the Premises after the most recent end date from the initial Agreement or any previous Agreement Addendum Holdover Tenancy.

All terms from the initial Agreement or any previous Agreement Addendum Holdover Tenancy remain unchanged except hereunder.

Your request for a monthly rate of $895 per month is approved, and that rate expires Friday June-30-2023.

Instead of signing a Lease Agreement Addendum Holdover Tenancy extending the length of term for additional 12 months, a month-to-month tenancy will start on Friday 07-01-2022 12:00 AM. Lease Agreement section: Lessee's Holdover Tenancy includes month-to-month tenancy provisions.

Additional Disclosure for Month-to-Month Tenancy

The monthly rate is an exception to month-to-month tenancy subject to a rent increase, and that exception expires Friday June-30-2023.
A move out period ends on the last day of the month, and pre-paid rent is not refundable to the current Lessee unless a new Lessee makes a request to move-in before a current Lessee's move out period.
The move out period may be no less than 30 days and no greater than two months.

Lease Agreement section: Lessee's Holdover Tenancy

If Lessee wants to continue possession of the Premises after the End Date for this Agreement including a consent from Owner pursuant to the section Communication(s) hereof, the Lessee shall sign a new Lease Agreement or create a new month-to-month tenancy between the Owner and the Lessee thereof subject to a rent increase.

Signing a new Lease Agreement may be subject to a monthly rent increase pursuant to any increases of operating expenses for the Premises. For example, if real estate taxes increase, a proportionate increase will apply.

A month-to-month tenancy shall initiate the following provisions:

Continuance of this Agreement and, if any, amendments, except rent is payable in advance or on the due date, which is the first (1st) day of each month, upon the End Date for the most recent Lease Agreement.
Communication of Termination by either the Owner or the Lessee pursuant to the section Communication(s) hereof stating a move out date no less than thirty (30) days from the date of such communication.
End Date shall be the last day of a full month and no less than thirty (30) days from the Communication of Termination. Example: Lessee sends communication on the fifteen (15th) for the current month, then the End Date is the last day of the following month, which is approximately forty-five (45) days and called the move out period.
Consideration of prorated pre-paid rent shall be refundable to the current Lessee if a new Lessee requests a move-in date during the current Lessee's move out period.