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1. Parties: Identification of the Lessor and Lessee with their complete details including names, addresses, and authorized representatives
2. Background: Reference to the original lease agreement, its date, term, and current status, establishing the context for the extension
3. Definitions: Key terms used in the extension agreement, including references to defined terms in the original lease that remain applicable
4. Extension Term: Specific details of the extension period, including start and end dates
5. Rent and Payment Terms: Updated rent amount, payment schedule, and any escalation clauses for the extension period
6. Confirmation of Original Terms: Clause confirming which terms from the original lease remain in effect during the extension period
7. Amendment to Original Terms: Clear specification of any terms from the original lease that are being modified for the extension period
8. Execution and Registration: Requirements for signing and registering the extension agreement as per applicable laws
1. Security Deposit Adjustment: Include when there are changes to the security deposit amount or terms
2. Maintenance and Repairs: Include when there are changes to the maintenance responsibilities during the extension period
3. Utilities and Services: Include when there are changes to the responsibility for utilities or additional services
4. Insurance Requirements: Include when there are modifications to insurance obligations
5. Break Clause: Include when parties want the option to terminate the extension early under specific conditions
6. Property Improvements: Include when allowing or restricting new modifications to the property during the extension period
1. Schedule 1 - Property Details: Detailed description of the leased property including address, measurements, and boundaries
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments, including escalation dates and amounts
3. Schedule 3 - Original Lease Agreement: Copy of the original lease agreement for reference
4. Schedule 4 - Property Condition Report: Updated condition report of the property at the time of extension
5. Appendix A - Required Modifications: List of any agreed modifications or repairs to be completed during the extension period
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