Automatic Extension

Concept of Automatic Extension in the context of Real Property

A short definition of Automatic Extension: A clause in a document such as a lease or listing agreement stating that the terms are extended beyond the expiration date unless cancelled by one of the parties. The clause is usually required to be in large or bold type and, with regard to listings, is not enforceable in some states.

Concept of Automatic Extension in the context of Real Property

A short definition of Automatic Extension: A clause in a document such as a lease or listing agreement stating that the terms are extended beyond the expiration date unless cancelled by one of the parties. The clause is usually required to be in large or bold type and, with regard to listings, is not enforceable in some states.