lease prolongation
[liːs prɔːlɔːŋˈɡeɪʃən]
nounpl: lease prolongations
prorrogação de aluguel
1. The extension or renewal of a lease agreement for an additional period beyond the original expiration date
The tenant requested a lease prolongation to avoid moving before the end of the year.
O inquilino solicitou uma prorrogação de aluguel para evitar se mudar antes do final do ano.
2. The legal process or agreement that extends the terms of a rental contract
The lease prolongation was granted for another two years under the same conditions.
A prorrogação de aluguel foi concedida por mais dois anos nas mesmas condições.
In Brazil, lease prolongation is a common practice in both residential and commercial real estate markets. The concept is typically formalized through written addendums to the original contract. In the USA, lease renewal or extension is more commonly used terminology, and the process is highly regulated by state laws. Both cultures recognize the importance of clear written agreements to avoid disputes.
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