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Commercial Lease Extension Addendum Template for United States

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Key Requirements PROMPT example:

Commercial Lease Extension Addendum

"I need a Commercial Lease Extension Addendum to extend our retail store lease at 123 Main Street for an additional 3 years from March 1, 2025, with a 5% annual rent increase and the option to make minor renovations to the storefront."

Document background
The Commercial Lease Extension Addendum serves as a crucial document for businesses and property owners who wish to continue their existing landlord-tenant relationship beyond the original lease term. This document is commonly used in the United States when both parties agree to extend their commercial lease arrangement without executing an entirely new lease agreement. It typically includes the extension period, any rent adjustments, and confirmation of continuing terms from the original lease. The addendum must comply with relevant state property laws and local regulations, making it a legally binding modification to the original lease agreement.
Suggested Sections

1. Parties: Identification of landlord and tenant with full legal names and addresses

2. Background: Reference to original lease agreement, including date and parties

3. Definitions: Key terms used in the addendum, incorporating definitions from original lease

4. Extension Terms: Specific period of extension and effective date

5. Rent Provisions: Confirmation or modification of rent amounts during extension period

6. Original Lease Terms: Confirmation that all other terms remain in effect

7. Execution: Signature blocks for all parties

Optional Sections

1. Modified Terms: Any changes to original lease terms, used when modifications beyond extension are needed

2. Extension Options: Additional future extension rights, used when granting further extension options

3. Improvement Provisions: Terms for any tenant improvements during extension, used when renovations are planned

4. Security Deposit Adjustment: Changes to security deposit, used when deposit terms are modified

Suggested Schedules

1. Schedule of Rent: Detailed breakdown of rent payments during extension period

2. Property Condition Report: Updated condition assessment if required for extension

3. Modified Insurance Certificates: Updated insurance documentation if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses


















Industries

Federal Laws - ADA: Americans with Disabilities Act requirements for commercial properties, ensuring accessibility compliance in lease terms

Federal Laws - Fair Housing Act: Federal regulations that may apply if the commercial property has any residential components

Federal Tax Implications: Federal tax considerations related to lease modifications and extensions

State Property Laws: State-specific regulations governing commercial property transactions and leases

State Landlord-Tenant Laws: State-specific laws governing the relationship between commercial landlords and tenants

State Commercial Lease Requirements: Specific state requirements for commercial lease agreements and their modifications

State Registration Requirements: State-specific requirements for recording or registering lease amendments

State Rent Control Laws: Any applicable state-level rent control regulations affecting commercial properties

Municipal Zoning Ordinances: Local zoning laws affecting commercial property use and modifications

Local Building Codes: Municipal building regulations and compliance requirements

Local Business Licensing: Local requirements for business operations and licensing

Local Use Restrictions: Municipal restrictions on property use and modifications

Statute of Frauds: Legal requirement that certain contracts, including lease modifications, must be in writing

Extended Term Requirements: State-specific requirements for leases extending beyond certain time periods

Notarization Requirements: State and local requirements for notarizing lease modifications

Recording Office Requirements: Local property office requirements for recording lease modifications

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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