The Addendum To Renew Lease Agreement is a crucial document used in Danish property law when parties wish to extend an existing lease arrangement. It is typically employed when the original lease term is approaching expiration and both parties agree to continue their landlord-tenant relationship. This document type is governed by Danish law, particularly the Danish Lease Act (Lejeloven), and must comply with local property regulations and tenant protection provisions. The addendum serves to document the renewal terms, including the extended duration, any rent adjustments, and modifications to existing conditions. It's particularly important in commercial leases where business continuity and clear documentation of terms are essential. The document can be used for both residential and commercial properties, though the specific requirements and protections may vary between these categories under Danish law.
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Key Requirements PROMPT example:
Addendum To Renew Lease Agreement
I need an Addendum To Renew Lease Agreement for our retail space in Copenhagen, extending the current lease for 3 years from March 1, 2025, with a 5% rent increase and updated maintenance terms.
1. Parties: Identification of the landlord and tenant, including their full legal names, addresses, and any registration numbers
2. Background: Reference to the original lease agreement, including its date, property details, and any previous addenda
3. Definitions: Key terms used in the addendum, ensuring consistency with the original lease agreement
4. Term of Renewal: Specific period of the lease extension, including start and end dates
5. Rent: Confirmation of current rent amount and any agreed adjustments for the renewal period
6. Confirmation of Other Terms: Statement confirming that all other terms and conditions of the original lease remain in full force and effect
7. Signatures: Execution section for all parties to sign and date the addendum
1. Modified Terms: Used when specific terms from the original lease are being modified beyond just the extension of term
2. Rent Review Mechanism: Include when establishing new or modified rent review provisions for the renewal period
3. Maintenance Obligations: Used when updating or clarifying maintenance responsibilities for the renewal period
4. Break Clause: Include when adding or modifying early termination rights for the renewal period
5. Improvements and Alterations: Used when addressing any agreed modifications to the property during the renewal period
6. Security Deposit Adjustment: Include when modifying the security deposit amount or terms
1. Schedule of Rent Payments: Details of rent payment amounts and dates if different from the original lease
2. Schedule of Modified Terms: Detailed listing of any terms that are being modified from the original lease
3. Condition Report: Updated condition report of the property at the time of renewal
4. Property Maintenance Schedule: Updated maintenance responsibilities and schedules if modified
5. Energy Performance Certificate: Updated energy performance certificate if required by Danish law
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Relevant Teams
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Relevant Roles
Property Manager
Real Estate Manager
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Operations Manager
Chief Financial Officer
Administrative Manager
Lease Administrator
Asset Manager
Property Director
Compliance Officer
Real Estate Director
Business Operations Manager
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