The Commercial Lease Addendum serves as a critical legal instrument in Pakistan's commercial property sector, used when parties need to modify an existing lease agreement without creating an entirely new contract. This document becomes necessary when circumstances require changes to original lease terms, such as rent adjustments, space modifications, term extensions, or updates to maintenance responsibilities. Operating within Pakistan's legal framework, including the Transfer of Property Act 1882 and provincial property laws, the addendum must be properly executed with appropriate stamp duty and, when required, registration with relevant authorities. It's particularly important in commercial contexts where business needs evolve and require formal documentation of lease modifications while maintaining the validity of the original agreement.
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1. Parties: Identification of the landlord and tenant as per the original lease agreement
2. Background: Reference to the original lease agreement including its date and parties, and brief context for the addendum
3. Definitions: Key terms used in the addendum, incorporating definitions from the original lease where relevant
4. Effective Date: The date when the modifications take effect
5. Modifications to Original Lease: Specific clauses being modified, with clear reference to original clause numbers
6. Ratification: Confirmation that all other terms of the original lease remain unchanged
7. Integration: Statement that this addendum forms part of the original lease agreement
8. Governing Law: Confirmation that Pakistani law governs the addendum
9. Execution: Signature blocks for all parties and witnesses as required under Pakistani law
1. Additional Premises: Used when the addendum modifies the leased space
2. Rent Modification: Used when changing rental amounts or payment terms
3. Term Extension: Used when modifying the lease duration
4. Use Clause Modification: Used when changing permitted uses of the premises
5. Security Deposit Amendment: Used when modifying security deposit terms
6. Maintenance Responsibilities: Used when altering maintenance obligations
7. Insurance Requirements: Used when modifying insurance obligations
8. Utilities and Services: Used when changing responsibility for utilities
9. Stamp Duty Declaration: Required if the modification affects the stamp duty calculation
1. Schedule A - Modified Premises Plan: Updated floor plans or property descriptions if space is modified
2. Schedule B - Revised Rent Schedule: Updated rent amounts and payment schedules if applicable
3. Schedule C - Modified Maintenance Schedule: Updated maintenance responsibilities if changed
4. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement for reference
5. Appendix 2 - Required Permits: Any new permits or licenses required due to modifications
6. Appendix 3 - Property Tax Assessment: Updated tax information if relevant to the modifications
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