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This Business Lease Extension Agreement extends the current lease for an additional [X] years, with the same terms and conditions as the original lease, unless otherwise specified. Both parties agree to continue their business relationship under the revised lease term, effective from [start date of extension].

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Yes, both parties can agree to modify specific terms of the lease, such as rent or maintenance responsibilities, during the extension period.

If you choose not to sign the extension, the lease will end on the original expiration date, and you will need to vacate the premises unless a new agreement is reached.

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