Commercial Lease Addendum for Malta
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Commercial Lease Addendum
"I need a Commercial Lease Addendum to modify our existing retail space lease in Valletta, Malta, extending the lease term by 5 years from January 2025 and increasing the annual rent by 15%, with updated maintenance obligations."
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1. Parties: Identification of the Landlord and Tenant as per the original lease agreement, including their full legal names, registration numbers (if companies), and registered addresses
2. Background: Reference to the original lease agreement, its date, and brief context for the addendum
3. Definitions: Key terms used in the addendum, including reference to definitions from the original lease that remain applicable
4. Effective Date: The date from which the modifications take effect
5. Amendments to Original Lease: Clear statement of which provisions of the original lease are being modified
6. Confirmation of Other Terms: Statement confirming that all other terms of the original lease remain unchanged and in full force
7. Governing Law: Confirmation that the addendum is governed by Maltese law
8. Execution: Signature blocks for all parties and witnesses as required under Maltese law
1. Rent Modification: Used when changes to rent amount, payment terms, or review mechanisms are being made
2. Term Extension: Used when modifying the duration of the lease
3. Permitted Use Changes: Used when modifying the permitted use of the premises
4. Maintenance and Repairs: Used when modifying responsibilities for maintenance and repairs
5. Insurance Requirements: Used when modifying insurance obligations
6. Security Deposit Adjustment: Used when modifying security deposit terms
7. Environmental Compliance: Used when adding or modifying environmental obligations
8. Subletting and Assignment: Used when modifying rights regarding subletting or assignment
9. Alterations and Improvements: Used when modifying rights or obligations regarding property modifications
1. Schedule A - Modified Floor Plans: Updated floor plans if the premises area is being modified
2. Schedule B - Rent Calculation: Detailed breakdown of new rent calculations and payment schedules
3. Schedule C - Additional Works: Specifications for any agreed modifications or improvements to the premises
4. Schedule D - Services and Utilities: Updated list of services and utilities if being modified
5. Appendix 1 - Original Lease: Copy of the original lease agreement for reference
6. Appendix 2 - Condition Report: Updated condition report if relevant to the modifications
7. Appendix 3 - Regulatory Approvals: Copies of any required permits or approvals for modifications
Authors
Original Lease
Effective Date
Landlord
Tenant
Premises
Modified Terms
Commencement Date
Modification Period
Modified Rent
Payment Date
Security Deposit
Permitted Use
Business Day
Force Majeure
Notice
Parties
Property
Common Areas
Building
Operating Expenses
Utilities
Maintenance Obligations
Insurance Requirements
Guarantor
Applicable Law
Original Terms
Modified Provisions
Service Charges
VAT
Amendment
Rent Modification
Term Extension
Use of Premises
Maintenance and Repairs
Insurance
Security Deposit
Utilities and Services
Assignment and Subletting
Alterations and Improvements
Environmental Compliance
Health and Safety
Force Majeure
Notices
Governing Law
Registration
Stamp Duty
Integration
Severability
Counterparts
Authority
Costs
Entire Agreement
Further Assurance
Compliance with Laws
Dispute Resolution
Retail
Office Space
Industrial
Hospitality
Healthcare
Entertainment
Technology
Manufacturing
Logistics
Financial Services
Professional Services
Food and Beverage
Legal
Real Estate
Facilities Management
Finance
Operations
Compliance
Risk Management
Corporate Services
Administration
Property Management
Property Manager
Facilities Manager
Real Estate Director
Commercial Lease Administrator
Legal Counsel
Chief Financial Officer
Operations Manager
Asset Manager
Compliance Officer
Business Development Manager
Corporate Real Estate Manager
Risk Manager
Finance Director
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