A Lease Renewal Agreement is utilized when parties wish to extend an existing lease arrangement beyond its original term. This document is particularly important in the Indonesian legal context, where property relationships are governed by the Civil Code (Kitab Undang-undang Hukum Perdata) and various property-specific regulations. The agreement serves to formalize the continuation of the lease relationship, typically updating key terms such as duration and rent while maintaining or modifying other conditions from the original agreement. It's essential for both residential and commercial properties, requiring careful consideration of local property laws, building regulations, and regional requirements. The document should be drafted with attention to Indonesian contract formation requirements, including proper execution and, where necessary, notarization.
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1. Parties: Identification of the Landlord and Tenant, including their full legal names, addresses, and any registration numbers for companies
2. Background: Reference to the original lease agreement, its date, and basic details of the property being leased
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Term', 'Commencement Date', 'Rent', etc.
4. Renewal Term: Specification of the new lease period, including start and end dates
5. Rent and Payment Terms: Updated rental amount, payment schedule, and method of payment
6. Continuation of Original Terms: Confirmation that all other terms and conditions from the original lease remain in effect
7. Representations and Warranties: Confirmations from both parties regarding their authority to enter into the renewal and current compliance with lease terms
8. Execution: Signature blocks for all parties and witnesses as required under Indonesian law
1. Modifications to Original Terms: Include this section if any terms from the original lease are being modified besides the duration and rent
2. Property Maintenance and Repairs: Include if there are new or modified maintenance responsibilities
3. Security Deposit Adjustment: Include if there are changes to the security deposit amount or terms
4. Insurance Requirements: Include if there are new or modified insurance requirements
5. Option for Further Renewal: Include if granting additional future renewal options
6. Renovation or Modification Rights: Include if tenant is being granted specific rights to modify the property during the renewal term
1. Schedule 1 - Property Description: Detailed description of the property including address and any specific inclusions/exclusions
2. Schedule 2 - Original Lease Agreement: Copy of the original lease agreement being renewed
3. Schedule 3 - Rent Payment Schedule: Detailed breakdown of rent payments including due dates and amounts
4. Schedule 4 - Property Condition Report: Current condition of the property at the time of renewal
5. Appendix A - Required Permits and Licenses: Copies of any relevant permits or licenses required for continued occupation
Relevant legal definitions
Agreement
Original Lease
Property
Premises
Landlord
Tenant
Commencement Date
Expiry Date
Renewal Term
Rent
Security Deposit
Permitted Use
Business Day
Common Areas
Building
Payment Date
Force Majeure
Lease Year
Parties
Service Charges
Applicable Law
Building Rules
Default Interest Rate
Utilities
Insurance Requirements
Registration Requirements
Local Authority
Maintenance Obligations
Original Lease
Property
Premises
Landlord
Tenant
Commencement Date
Expiry Date
Renewal Term
Rent
Security Deposit
Permitted Use
Business Day
Common Areas
Building
Payment Date
Force Majeure
Lease Year
Parties
Service Charges
Applicable Law
Building Rules
Default Interest Rate
Utilities
Insurance Requirements
Registration Requirements
Local Authority
Maintenance Obligations
Clauses
Interpretation
Renewal Term
Rent Payment
Security Deposit
Property Use
Maintenance and Repairs
Insurance
Utilities and Services
Assignment and Subletting
Default and Remedies
Force Majeure
Termination
Registration
Governing Law
Dispute Resolution
Notices
Entire Agreement
Amendment
Severability
Representations and Warranties
Compliance with Laws
Property Access
Building Rules
Common Areas Use
Service Charges
Renewal Term
Rent Payment
Security Deposit
Property Use
Maintenance and Repairs
Insurance
Utilities and Services
Assignment and Subletting
Default and Remedies
Force Majeure
Termination
Registration
Governing Law
Dispute Resolution
Notices
Entire Agreement
Amendment
Severability
Representations and Warranties
Compliance with Laws
Property Access
Building Rules
Common Areas Use
Service Charges
Relevant Industries
Real Estate
Property Management
Residential Housing
Commercial Property
Retail
Hospitality
Industrial
Office Space
Agriculture
Education
Relevant Teams
Legal
Real Estate
Facilities Management
Operations
Administration
Compliance
Property Management
Asset Management
Contract Management
Corporate Services
Relevant Roles
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Contract Administrator
Asset Manager
Operations Manager
Leasing Manager
Company Director
Business Owner
Corporate Real Estate Manager
Compliance Officer
Legal Administrator
Property Administrator
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