The Addendum To Commercial Lease Agreement Extension is utilized when parties to an existing commercial lease wish to extend their contractual relationship beyond the original term. This document is particularly important in the United States commercial real estate sector as it provides a streamlined method to continue the landlord-tenant relationship without executing an entirely new lease. It typically includes the extension period, any modifications to rent or other terms, and confirmation of unchanged original lease provisions. The addendum must comply with relevant state property laws and local regulations, and requires proper execution to be enforceable.
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1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Reference to original lease agreement and reason for addendum
3. Definitions: Key terms used in the addendum
4. Extension Terms: Specific details about the lease extension period and any modified terms
5. Confirmation of Other Terms: Statement confirming all other original lease terms remain in effect
6. Execution: Signature blocks for all parties
1. Rent Modification: Section detailing changes to rent amount or payment terms, used when rent terms are being modified as part of the extension
2. Property Modifications: Section specifying changes to the leased premises or allowed uses, included when physical space or permitted uses are being modified
3. Security Deposit Adjustment: Section outlining changes to security deposit requirements, used when security deposit terms are being modified
1. Schedule A - Original Lease: Copy of the original lease agreement being modified
2. Schedule B - Modified Floor Plan: Updated floor plan showing any modifications to the leased premises
3. Schedule C - Rent Schedule: Updated rent payment schedule showing any modifications to payment terms
Relevant legal definitions
Effective Date
Extended Term
Original Lease
Extension Period
Premises
Base Rent
Additional Rent
Extension Commencement Date
Extension Termination Date
Modified Terms
Lease Year
Common Areas
Operating Expenses
Security Deposit
Permitted Use
Landlord's Notice Address
Tenant's Notice Address
Business Days
Original Lease Agreement
Extension Option
Rent Adjustment
Renewal Term
Property
Building
Extended Term
Original Lease
Extension Period
Premises
Base Rent
Additional Rent
Extension Commencement Date
Extension Termination Date
Modified Terms
Lease Year
Common Areas
Operating Expenses
Security Deposit
Permitted Use
Landlord's Notice Address
Tenant's Notice Address
Business Days
Original Lease Agreement
Extension Option
Rent Adjustment
Renewal Term
Property
Building
Clauses
Extension Term
Rent and Payment
Confirmation of Original Terms
Representations and Warranties
Modification of Terms
Notice Requirements
Authority to Execute
Binding Effect
Integration
Governing Law
Counterparts
Further Assurance
Ratification
Operating Expenses
Insurance Requirements
Maintenance and Repairs
Assignment and Subletting
Default and Remedies
Early Termination
Option to Extend
Use of Premises
Utilities and Services
Security Deposit
Improvements and Alterations
Rent and Payment
Confirmation of Original Terms
Representations and Warranties
Modification of Terms
Notice Requirements
Authority to Execute
Binding Effect
Integration
Governing Law
Counterparts
Further Assurance
Ratification
Operating Expenses
Insurance Requirements
Maintenance and Repairs
Assignment and Subletting
Default and Remedies
Early Termination
Option to Extend
Use of Premises
Utilities and Services
Security Deposit
Improvements and Alterations
Relevant Industries
Relevant Teams
Relevant Roles
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