Commercial Lease Extension Addendum Template for Australia

1. Modified Terms: Section detailing any other lease terms being modified besides the extension period - include if other changes are being made

2. Condition Precedents: Any conditions that must be met before the extension takes effect - include if there are specific requirements

3. Security Deposit Adjustment: Changes to security deposit requirements - include if security arrangements are being modified

4. Outgoings and Operating Expenses: Modified terms regarding operating costs - include if these arrangements are changing

5. Maintenance and Repairs: Modified responsibilities for maintenance - include if these terms are being updated

6. Option for Further Extension: Terms for any additional extension options - include if offering future extension rights

7. Insurance Requirements: Modified insurance obligations - include if insurance terms are being updated

8. Permitted Use: Changes to permitted use of premises - include if use terms are being modified

1. Schedule 1 - Rent Schedule: Detailed breakdown of rent payments, including any stepped increases during the extension period

2. Schedule 2 - Modified Terms Summary: Summary table of all terms being modified from the original lease

3. Appendix A - Original Lease: Copy of the original lease agreement being extended

4. Appendix B - Premises Plan: Updated floor plan or premises description if any changes to the leased area

5. Appendix C - Condition Report: Updated condition report of the premises at the time of extension