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Lease Extension Addendum
"I need a Lease Extension Addendum for a commercial property in Auckland, extending the current lease for an additional 3 years from March 1, 2025, with a 5% rent increase and annual review provisions."
1. Parties: Identification of the landlord and tenant, including their full legal names and addresses
2. Background: Reference to the original lease agreement, its date, and current expiry date, establishing the context for the extension
3. Definitions: Key terms used in the addendum, including references to defined terms in the original lease
4. Extension Term: Specific details of the extension period, including start and end dates
5. Confirmation of Terms: Statement confirming that all other terms and conditions of the original lease remain in full force and effect
6. Execution: Signing provisions for all parties, including witness requirements if necessary
1. Rent Review: Include when the extension involves changes to the rental amount or rent review mechanisms
2. Modified Terms: Required when any terms from the original lease are being altered as part of the extension
3. Maintenance and Repairs: Include if there are any changes to maintenance responsibilities
4. Break Clause: Optional provision allowing early termination during the extension period
5. Guarantor Confirmation: Required if the original lease had guarantors who need to confirm their continuing obligations
6. Registration Requirements: Include if the extension needs to be registered with land authorities
1. Schedule 1 - Premises Details: Description and/or plan of the leased premises, carried over or updated from original lease
2. Schedule 2 - Rent Schedule: Details of rent amounts and payment dates during the extension period
3. Schedule 3 - Modified Terms: Detailed list of any terms from the original lease that are being modified
4. Appendix A - Original Lease: Copy of the original lease agreement for reference
5. Appendix B - Condition Report: Updated condition report of the premises at the time of extension, if required
Authors
Original Lease
Extension Term
Extension Commencement Date
Extension End Date
Landlord
Tenant
Premises
Extended Term Rent
Rent Review Dates
Business Day
Guarantor
Lease Term
Modified Terms
Original Terms
Parties
Property
Renewal Period
Security Deposit
Permitted Use
Working Day
GST
Outgoings
Relevant Authority
Common Areas
Real Estate
Commercial Property
Residential Property
Retail
Industrial
Office Space
Hospitality
Agriculture
Healthcare
Education
Legal
Property Management
Facilities Management
Operations
Real Estate
Compliance
Asset Management
Administration
Commercial Operations
Property Manager
Real Estate Agent
Facilities Manager
Legal Counsel
Property Lawyer
Lease Administrator
Asset Manager
Operations Manager
Commercial Manager
Compliance Officer
Real Estate Portfolio Manager
Property Operations Director
Tenant Relations Manager
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