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Lease Extension Addendum
"I need a Lease Extension Addendum for a commercial retail space in Jakarta, extending the current lease for 3 additional years from March 2025, with an annual rent increase of 5% and new provisions for property renovations."
1. Parties: Identification of the Landlord and Tenant as per the original lease agreement, including their complete legal names, addresses, and any registration numbers
2. Background: Reference to the original lease agreement, including its date of execution, current expiry date, and the parties' intention to extend the lease term
3. Definitions: Key terms used in the addendum, including reference to definitions from the original lease that remain applicable
4. Extension Term: Specification of the new extension period, including start and end dates
5. Rent and Payment Terms: Details of the rent applicable during the extension period, including any adjustments or escalations
6. Confirmation of Other Terms: Statement confirming that all other terms and conditions of the original lease remain in full force and effect
7. Governing Law: Confirmation that Indonesian law governs the addendum
8. Execution: Signature blocks for all parties and any required witnesses
1. Security Deposit Adjustment: Include when there are changes to the security deposit amount or terms
2. Renovation or Improvement Terms: Include when the extension involves permissions or obligations for property improvements
3. Additional Rights and Obligations: Include when new terms or conditions are being added that weren't in the original lease
4. Break Clause: Include when parties agree to early termination provisions for the extension period
5. Insurance Requirements: Include when there are changes to insurance obligations during the extension period
6. Condition of Premises: Include when there needs to be documentation of the current state of the premises at extension
1. Schedule 1 - Updated Rent Schedule: Detailed breakdown of rent payments, including any escalations during the extension period
2. Schedule 2 - Property Condition Report: Current condition assessment of the property at the time of extension
3. Schedule 3 - Special Conditions: Any specific terms or conditions applicable to the extension period
4. Appendix A - Original Lease Agreement: Copy of the original lease agreement for reference
5. Appendix B - Powers of Attorney: If applicable, documents proving signing authority for either party
Authors
Original Lease
Extension Term
Extension Commencement Date
Extension Expiry Date
Revised Rent
Escalation Rate
Premises
Landlord
Tenant
Security Deposit
Original Term
Building
Common Areas
Payment Date
Parties
Business Day
Force Majeure
Applicable Law
Service Charges
Permitted Use
Building Management
Effective Date
Base Rent
Operating Expenses
Recitals
Definitions
Term Extension
Rent
Payment Terms
Security Deposit
Condition of Premises
Property Use
Maintenance and Repairs
Insurance
Utilities and Services
Assignment and Subletting
Default and Remedies
Early Termination
Force Majeure
Notices
Governing Law
Dispute Resolution
Registration
Amendment
Entire Agreement
Severability
Counterparts
Authority
Binding Effect
Real Estate
Retail
Commercial Office
Industrial
Hospitality
Healthcare
Education
Manufacturing
Logistics
Warehousing
Banking and Financial Services
Technology
Legal
Real Estate
Facilities Management
Operations
Finance
Procurement
Administration
Property Management
Asset Management
Risk Management
Property Manager
Facility Manager
Real Estate Manager
Legal Counsel
Contract Administrator
Operations Manager
Chief Financial Officer
Real Estate Director
Procurement Manager
Lease Administrator
Asset Manager
Business Development Manager
Regional Manager
Site Manager
Administrative Manager
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