In Florida, a Landlord can extend the existing lease with the Tenant by signing a Lease Extension Agreement. A Lease Extension Agreement is used for leases that last a year. The lease will be extended upon the signing of the Lease Extension Agreement. The extension will last for another year.
The advantage of a Lease Extension Agreement in Florida is that the terms of the original lease remain. Therefore, the Landlord and Tenant will continue to have the same rights and protections that they had with the original lease. However, there is a disadvantage for a Tenant of not having a Lease Extension Agreement. A Landlord can terminate the lease if the Extension is not signed and the lease expires. A Landlord only has to give the Tenant 15 days prior to the commencement of the next rental period. Florida Statute 83.57(3) allows either party to terminate a month-to-month tenancy by giving 15 days notice.
If you are a Landlord or Tenant and need to understand the importance of signing a Lease Extension Agreement, contact 954 Eviction Attorneys, PLLC today at (954) 323-2529.