An Agreement, as amended, regarding the property with address, ____________________________ ______________________________,
incorporated herein by reference ("Lease"),
first made on _________________, 20___, with latest term ending on _____________________, 20___, currently
binds original and duly substituted parties Thomas C Veatch ("Owner") and ________________________,
___________________________, ___________________________, ___________________________, ____________________________,
and ___________________________ ("Resident(s)"). The parties wish to amend the Lease,
following the extension process described in the Lease, by
extending and renewing the Lease term by one year and updating the rent amount to follow the local rental market. |
Now therefore in consideration of the mutual promises herein the parties agree as follows:
The term of the Lease is hereby amended to end on ________________________, 20___.
The Zillow rental index for the local area for the year from _______________________, 20___ to ______________________, 20___ shows a change of _____% per cent in local rents. Applying this to the current monthly rent amount and rounding to the nearest $6, the monthly rent amount of the Lease is hereby amended to be $_________.
In witness whereof, the parties have executed their agreement as of_______________________, 20___.