The Lease Extension Addendum is utilized when parties to an existing lease agreement wish to extend their contractual relationship beyond the original term. This document type is particularly important in the Swiss market, where both residential and commercial lease agreements are heavily regulated. The addendum must comply with Swiss federal legislation, particularly the Code of Obligations and Tenancy Law, while potentially also addressing cantonal requirements. It typically includes the extension period, any rent adjustments (subject to Swiss rent control regulations), and confirmation of existing terms. The Lease Extension Addendum serves as a formal modification to the original lease, requiring proper execution by all parties and often needing to follow specific form requirements under Swiss law.
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1. Parties: Identification of the landlord and tenant, including full legal names and addresses
2. Background: Reference to the original lease agreement, including its date and key details, and the parties' intention to extend the lease
3. Definitions: Key terms used in the addendum, including reference to definitions from the original lease that remain applicable
4. Extension Term: Clear specification of the new lease termination date and when the extension begins
5. Confirmation of Original Terms: Statement confirming that all other terms and conditions of the original lease remain in full force and effect
6. Rent and Payment Terms: Specification of any changes to rent amount or payment terms, or confirmation that existing terms continue
7. Signatures: Execution section including date and signature blocks for all parties
1. Modified Terms: Section detailing any other terms being modified besides the duration - only needed if other changes are being made to the original lease
2. Maintenance and Repairs: Include if there are any changes to maintenance responsibilities during the extension period
3. Security Deposit: Include if there are any modifications to the existing security deposit arrangements
4. Insurance Requirements: Include if there are any changes to insurance requirements during the extension period
5. Early Termination Rights: Include if specific early termination rights are being granted or modified for the extension period
6. Representations and Warranties: Include if either party needs to make new representations about the property or their circumstances
1. Schedule 1 - Original Lease Agreement: Copy of the original lease agreement being extended
2. Schedule 2 - Property Details: Description of the leased property (if any changes or updates are needed)
3. Schedule 3 - Rent Schedule: Updated rent payment schedule if there are any changes to the payment terms
4. Appendix A - Condition Report: Updated condition report of the property at the time of extension, if required
5. Appendix B - Building Rules and Regulations: Any updated rules or regulations applicable during the extension period
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