lease continuation
[/liːs kənˌtɪnjuˈeɪʃən/]
nounpl: lease continuations
continuação de aluguel
1. The extension or renewal of a lease agreement beyond its original expiration date, allowing the tenant to continue occupying the property under the same or modified terms
The landlord agreed to a lease continuation for another two years at the same monthly rate.
O proprietário concordou com a continuação do aluguel por mais dois anos à mesma taxa mensal.
2. The legal process or documentation involved in extending a rental or leasing agreement
We need to complete the lease continuation paperwork before the current contract expires next month.
Precisamos completar a documentação de continuação de aluguel antes do contrato atual expirar no próximo mês.
In Brazil, lease continuation is a common practice, particularly in urban areas like São Paulo and Rio de Janeiro where rental markets are active. Landlords and tenants typically negotiate renewal terms 30-90 days before expiration. In Portuguese, the term 'prorrogação' is frequently used in legal contexts, while 'renovação' is more colloquial. The US and Brazil both have established legal frameworks governing lease continuations, with specific notice periods required by law.
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →