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Commercial Lease Addendum
"I need a Commercial Lease Addendum to expand our retail space from 200 to 350 square meters and adjust the monthly rent accordingly, with the changes to take effect from March 1, 2025."
1. Parties: Identification of all parties to the addendum, matching those in the original lease
2. Background: Reference to the original lease agreement, its date, and reason for this addendum
3. Definitions: Key terms used in the addendum, including references to definitions from original lease if applicable
4. Reference to Original Lease: Specific citation of the original lease agreement and confirmation of its continued validity
5. Modifications to Original Lease: Clear statement of which provisions are being modified, added, or removed
6. Effective Date: When the modifications take effect
7. Integration Clause: Statement that this addendum becomes part of the original lease
8. Ratification: Confirmation that all other terms of the original lease remain in effect
9. Execution: Signature blocks for all parties and witnesses
1. Rent Modification: Used when changes to rent amount, payment terms, or schedule are being made
2. Term Extension: Used when modifying the lease duration
3. Space Modification: Used when changing the leased premises area or boundaries
4. Use Clause Modification: Used when changing permitted uses of the property
5. Security Deposit Adjustment: Used when modifying security deposit terms
6. Insurance Requirements: Used when updating insurance obligations
7. Maintenance Responsibilities: Used when reallocating maintenance duties between parties
8. Utility Arrangements: Used when modifying utility payment or service arrangements
1. Schedule A - Modified Floor Plan: Updated floor plans or space modifications if applicable
2. Schedule B - Revised Rent Schedule: New rent payment schedule if rent terms are modified
3. Schedule C - Modified Building Rules: Updated building rules and regulations if being changed
4. Schedule D - Additional Works: Details of any renovation or modification works agreed upon
5. Appendix 1 - Photos/Documentation: Visual documentation of space conditions or modifications
6. Appendix 2 - Permits and Certificates: Copies of new permits or certificates required for modifications
Authors
Real Estate
Retail
Food and Beverage
Professional Services
Healthcare
Banking and Finance
Technology
Manufacturing
Hospitality
Education
Entertainment
Logistics and Warehousing
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Administration
Property Management
Asset Management
Business Development
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Business Owner
Operations Director
Chief Financial Officer
Compliance Officer
Real Estate Director
Leasing Manager
Asset Manager
Store Manager
Branch Manager
Administrative Manager
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