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Addendum To Lease Agreement
"I need an Addendum to Lease Agreement to increase the monthly rent by 15% and extend the lease term for our commercial office space in Central, Hong Kong, starting from March 1, 2025."
1. Parties: Identification of all parties to the original lease agreement and this addendum, including their full legal names and addresses
2. Background: Reference to the original lease agreement (including date and parties), reason for the addendum, and confirmation that parties wish to modify the original agreement
3. Definitions: Definitions of key terms used in the addendum, including reference to definitions in the original lease that remain applicable
4. Amendments to Original Lease: Detailed description of specific modifications being made to the original lease, clearly referencing the relevant sections being modified
5. Effective Date: Specification of when the modifications will take effect
6. Confirmation of Other Terms: Statement confirming that all other terms of the original lease remain unchanged and in full force and effect
7. Governing Law: Confirmation that the addendum is governed by Hong Kong law, consistent with the original lease
8. Execution: Signature blocks for all parties, including dates and witness provisions if required
1. Rent Modification: Detailed section specifying changes to rent amount, payment terms, or schedule - include when rent terms are being modified
2. Term Extension: Section detailing any extension or modification to the lease term - include when changing the duration of the lease
3. Property Modifications: Section describing any changes to the property description or permitted use - include when modifying property-related terms
4. Additional Covenants: New obligations or agreements being added to the original lease - include when adding new terms not covered in the original lease
5. Security Deposit Adjustment: Changes to security deposit arrangements - include when modifying deposit terms
6. Broker/Agent Acknowledgment: Recognition of any brokers/agents involved in the modification - include when real estate professionals are involved in the amendment process
1. Schedule of Modifications: Detailed list of all modifications being made to the original lease, with reference to original clause numbers
2. Schedule of Revised Rent: Detailed breakdown of new rent calculations or payment schedule, if applicable
3. Modified Floor Plan: Updated floor plan or property description if the leased premises are being modified
4. Consent Documents: Any required third-party consents (e.g., mortgagee consent, building management approval)
5. Property Inspection Report: Current condition report if the addendum relates to property modifications or maintenance responsibilities
Authors
Real Estate
Retail
Office Space
Industrial
Hospitality
Healthcare
Education
Banking and Financial Services
Professional Services
Logistics and Warehousing
Manufacturing
Technology
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Property Management
Asset Management
Administration
Risk Management
Property Manager
Legal Counsel
Real Estate Manager
Facilities Manager
Leasing Manager
Contract Administrator
Commercial Director
Chief Financial Officer
Operations Manager
Asset Manager
Property Administrator
Real Estate Attorney
Compliance Officer
Real Estate Agent
Property Consultant
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