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Amendment To Lease Agreement
I need an Amendment to Lease Agreement for our Toronto office space that will extend the current lease term by 5 years starting March 1, 2025, with a 10% increase in base rent and updated provisions for utilities cost sharing.
1. Parties: Identification of the landlord and tenant, exactly as named in the original lease agreement
2. Background: Reference to the original lease agreement including its date, parties, and property description, and brief statement of the intent to amend
3. Definitions: Key terms used in the amendment, including reference to defined terms in the original lease that remain applicable
4. Amendment Details: Specific modifications to the original lease, clearly stating which sections are being amended, removed, or added
5. Effective Date: The date when the amendments 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. Entire Agreement: Statement that this amendment together with the original lease constitutes the entire agreement between the parties
8. Execution: Signature blocks for all parties, including dates and witness signatures if required
1. Recitals: Additional background information explaining the reasons for the amendment, used when complex circumstances need to be documented
2. Landlord's Work: Details of any modifications or improvements to be made by the landlord, included when the amendment involves physical changes to the property
3. Tenant's Work: Details of any modifications or improvements to be made by the tenant, included when the amendment involves physical changes to the property
4. Registration: Provisions regarding registration of the amendment on title, included when the original lease was registered
5. Conditions Precedent: Any conditions that must be satisfied before the amendment takes effect, included when there are prerequisite requirements
6. Broker Recognition: Acknowledgment of any brokers involved in negotiating the amendment, included when brokers were involved
7. Authority to Execute: Representations regarding the authority of signatories, included when dealing with corporate entities or agents
1. Schedule A - Modified Lease Terms: Detailed listing of specific lease clauses being modified, with old and new language shown
2. Schedule B - Revised Floor Plan: Updated floor plan showing any changes to the leased premises, if applicable
3. Schedule C - Rent Schedule: Modified rent payment schedule if rent terms are being amended
4. Schedule D - Work Schedule: Timeline and specifications for any construction or modification work to be performed
5. Appendix 1 - Required Approvals: Copies of any required third-party approvals or permits related to the amendments
6. Appendix 2 - Supporting Documentation: Any additional documentation supporting or required for the amendments
Authors
Amendment
Effective Date
Amended Lease
Premises
Commencement Date
Original Term
Extended Term
Base Rent
Additional Rent
Modified Provisions
Landlord's Work
Tenant's Work
Common Areas
Operating Costs
Security Deposit
Permitted Use
Business Day
Force Majeure
Lease Year
Original Parties
Governing Law
Modified Terms
Surviving Provisions
Amendment Date
Recitals
Definitions
Term Extension
Rent Modification
Property Alterations
Use and Occupancy
Operating Costs
Maintenance and Repairs
Insurance
Assignment and Subletting
Utilities
Security Deposit
Notices
Integration
Ratification
Governing Law
Execution
Amendment Effective Date
Confirmation of Terms
Representations and Warranties
Registration
Authority
Broker Recognition
Conditions Precedent
Severability
Real Estate
Commercial Property
Residential Property
Retail
Office Space
Industrial
Healthcare
Education
Hospitality
Manufacturing
Warehousing
Professional Services
Banking and Financial Services
Legal
Real Estate
Facilities Management
Operations
Finance
Administration
Property Management
Asset Management
Contract Administration
Risk Management
Property Manager
Real Estate Manager
Leasing Manager
Real Estate Attorney
Legal Counsel
Asset Manager
Facilities Manager
Commercial Leasing Agent
Real Estate Broker
Property Administrator
Lease Administrator
Contract Manager
Operations Manager
Real Estate Director
Chief Financial Officer
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