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Lease Extension Addendum
"I need a Lease Extension Addendum for my commercial warehouse in Riyadh, extending the current lease until March 2025, with an option for early termination and updated maintenance terms for the extended period."
1. Parties: Identification of the landlord and tenant, including their full legal names, addresses, and identification numbers as required by Saudi law
2. Background: Reference to the original lease agreement, including its date, property details, and current expiry date
3. Definitions: Key terms used in the addendum, including references to terms defined in the original lease agreement
4. Extension Terms: Specific details of the lease extension, including the new termination date and any modification to the notice period
5. Rent and Payment Terms: Confirmation of rent amount for the extension period, including any adjustments, payment schedule, and method of payment
6. Confirmation of Original Terms: Statement confirming that all other terms and conditions of the original lease remain in full force and effect
7. Governing Law and Jurisdiction: Confirmation that the addendum is governed by Saudi law and Sharia principles
8. Execution: Signature blocks for all parties, including spaces for witnesses as required under Saudi law
1. Additional Modifications: Used when parties agree to modify other terms of the original lease alongside the extension
2. Maintenance and Repairs: Include when there are changes to maintenance responsibilities during the extension period
3. Security Deposit: Include when there are changes to the security deposit amount or terms
4. Insurance Requirements: Include when there are changes to insurance obligations during the extension period
5. Property Improvements: Used when allowing or restricting specific improvements during the extension period
6. Early Termination Rights: Include when adding or modifying early termination provisions for the extension period
7. Government Approvals: Include when specific government approvals are required for the extension
1. Schedule 1 - Original Lease Agreement: Copy or reference to the original lease agreement
2. Schedule 2 - Updated Rent Schedule: Detailed breakdown of rent payments for the extension period
3. Schedule 3 - Property Condition Report: Updated condition report if required for the extension period
4. Schedule 4 - Required Governmental Approvals: Copies of any necessary governmental approvals or registrations for the extension
5. Schedule 5 - Modified Terms: Detailed list of any terms being modified from the original lease, if applicable
Authors
Original Lease Agreement
Extended Term
Extension Commencement Date
Extension Termination Date
Premises
Base Rent
Additional Rent
Security Deposit
Parties
Landlord
Tenant
Property
Common Areas
Lease Year
Payment Date
Permitted Use
Business Day
Original Term
Effective Date
Applicable Law
Registration Authority
Renewal Notice
Extension Period
Governmental Authority
Notice
Recitals
Definitions
Extension Term
Rent Payment
Rent Adjustment
Security Deposit
Condition of Premises
Use of Premises
Maintenance and Repairs
Utilities
Insurance
Assignment and Subletting
Default and Remedies
Notices
Compliance with Laws
Registration Requirements
Governing Law
Entire Agreement
Amendment
Severability
Force Majeure
Counterparts
Authority
Binding Effect
Execution
Real Estate
Retail
Commercial Office
Industrial
Healthcare
Education
Hospitality
Logistics
Manufacturing
Professional Services
Technology
Banking and Finance
Restaurant and Food Service
Legal
Real Estate
Facilities Management
Operations
Finance
Administration
Compliance
Risk Management
Corporate Services
Property Management
Real Estate Manager
Property Manager
Facilities Manager
Legal Counsel
Contract Administrator
Operations Manager
Asset Manager
Leasing Manager
Commercial Director
Chief Financial Officer
Real Estate Director
Compliance Officer
Risk Manager
Corporate Services Manager
Administrative Manager
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