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Addendum Tenancy Agreement
"I need an Addendum Tenancy Agreement for my commercial property in Manila to accommodate a rent increase of 5% and extend the lease term for an additional two years starting March 1, 2025, with all other original terms remaining unchanged."
1. Parties: Full legal names and addresses of the landlord and tenant as they appear in the original lease agreement
2. Background: Reference to the original tenancy agreement including its date, parties, and property details, and brief context for the addendum
3. Definitions: Key terms used in the addendum, including reference to definitions from the original agreement that remain applicable
4. Purpose of Addendum: Clear statement of the specific purpose and scope of the modifications being made to the original agreement
5. Amendments: Detailed description of the specific changes, modifications, or additions to the original agreement
6. Effect on Original Agreement: Statement confirming that all other terms and conditions of the original agreement remain in full force and effect
7. Governing Law: Confirmation that the addendum is governed by Philippine law and subject to the same jurisdiction as the original agreement
8. Execution: Signature blocks for all parties, including date and place of signing
1. Additional Parties: Required when new parties are being added to the agreement, such as new guarantors or co-tenants
2. Consideration: Include when there is a specific exchange of value related to the modifications
3. Effective Date: Needed when the modifications take effect on a date different from the signing date
4. Representations and Warranties: Include when parties need to make new specific declarations or guarantees
5. Conditions Precedent: Required when the modifications are subject to certain conditions being met
6. Notice Provisions: Include when changing or adding new communication requirements between parties
7. Special Conditions: For any unique or specific requirements related to the modifications
1. Schedule A - Modified Terms: Detailed listing of specific clauses being modified, showing both original and new text
2. Schedule B - Updated Property Details: If the addendum involves changes to the property description or included amenities
3. Schedule C - Revised Payment Terms: If the addendum modifies rent, security deposit, or other financial terms
4. Appendix 1 - Supporting Documents: Any relevant certificates, permits, or other documents supporting the modifications
5. Appendix 2 - Consent Forms: Any required third-party consents or authorizations related to the modifications
Authors
Original Agreement
Effective Date
Landlord
Tenant
Property
Premises
Modified Terms
Original Terms
Parties
Lease Term
Modified Lease Term
Rent
Modified Rent
Security Deposit
Common Areas
Building
Modification Date
Guarantor
Co-tenant
Property Manager
Permitted Use
Business Day
Notice
Governing Law
Force Majeure
Utilities
Payment Date
Agreement Date
Occupancy
Operating Expenses
Applicable Laws
Authorization
Default
Material Change
Amendment
Modification Scope
Original Agreement Reference
Term Extension
Rent Adjustment
Payment Terms
Security Deposit
Property Use
Maintenance and Repairs
Utilities and Services
Insurance
Assignment and Subletting
Access Rights
Notice Requirements
Property Modifications
Occupancy Changes
Additional Services
Common Areas Usage
Compliance with Laws
Force Majeure
Governing Law
Dispute Resolution
Severability
Entire Agreement
Counterparts
Electronic Execution
Registration
Costs and Expenses
Third Party Rights
Real Estate
Residential Property
Commercial Property
Retail
Office Space
Industrial
Hospitality
Mixed-Use Development
Shopping Centers
Warehousing
Educational Institutions
Healthcare Facilities
Legal
Real Estate Operations
Property Management
Facilities Management
Contract Administration
Compliance
Asset Management
Tenant Relations
Property Operations
Document Management
Property Manager
Real Estate Manager
Leasing Manager
Legal Counsel
Property Administrator
Facilities Manager
Asset Manager
Real Estate Agent
Compliance Officer
Contract Administrator
Property Operations Manager
Tenant Relations Manager
Real Estate Paralegal
Building Supervisor
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